USDCAD

US Open Preview – Pound dives to 2-month lows on UK GDP growth miss; US GDP growth next

Posted on April 27, 2018 at 11:47 am GMT

Here are the latest developments in global markets: FOREX: Dollar bulls were set to win another battle for the fifth week mainly on the face of rising Treasury yields and in the absence of negative trade headlines. Geopolitical risks eased further as well after the North and South Korean leaders signed on Friday a declaration to end the war between the regions and confirmed their common prospects to denuclearize the Korean peninsula ahead of a crucial meeting between the North Korean leader and [..]

European Open Preview – Euro sinks after ECB; US & UK GDP numbers eyed

Posted on April 27, 2018 at 7:50 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index is higher on Friday, but by less than 0.1%, building on the gains it posted yesterday. Meanwhile, the euro was on the back foot, after the ECB maintained a relatively cautious tone in yesterday’s policy gathering. STOCKS: US markets edged higher yesterday, as a raft of encouraging earnings releases and a pullback in US bond yields supported risk appetite. The tech-heavy Nasdaq Composite climbed by 1.64%, boosted by [..]

Technical Analysis – USDCAD maintains bullish bias in near term; immediate resistance at 50.0% Fibonacci mark

Posted on April 27, 2018 at 6:33 am GMT

USDCAD is ready to complete two consecutive positive weeks after the rebound on the 1.2530 support level. When looking at the bigger picture, the pair has been trading within a rising sloping channel since September 2017, failing several times to exit from this range. The technical indicators, though, continue to send bullish signals, suggesting that the bullish market is not over yet. The MACD oscillator has crossed above the zero line, indicating that the market could strengthen a little bit more in [..]

US Open Preview – Euro pares losses ahead of ECB rate decision

Posted on April 26, 2018 at 11:38 am GMT

Here are the latest developments in global markets: FOREX: The dollar index continued to trade near 3 ½ -month highs reached yesterday in the early European session on Thursday as the 10-year Treasury yields remained above 3.0% for the first time in four-years, last seen at 3.02%. Dollar/yen retained strength above the 109 key-level, with easing geopolitical and trade tensions supporting the pair as well, but was slightly down on the day at 109.28 (-0.12%). Euro/dollar, posted limited gains ahead of [..]

European Open Preview – Dollar remains elevated; ECB in the spotlight

Posted on April 26, 2018 at 7:22 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index inched lower on Thursday, but by less than 0.1%, giving back some of the gains it achieved yesterday on the back of surging US bond yields. The euro was relatively steady ahead of today’s main event, the ECB’s monetary policy decision, while both the aussie and the kiwi continued to collapse. STOCKS: US markets closed slightly higher yesterday, with the exception being the Nasdaq Composite, which fell, though [..]

US Open Preview – Dollar receives further boost from US Treasury yields

Posted on April 25, 2018 at 10:52 am GMT

Here are the latest developments in global markets: FOREX: The dollar continued to receive love from US Treasury yields, with the 10-year note spiking to a fresh 3-year high of 3.02% during the early European afternoon, underpinned by concerns of rising inflation and increasing debt supply. Easing trade tensions also lifted investors’ confidence in the currency after the US President admitted on Tuesday that China and the US “have got a very good chance at making a deal”. In the [..]

European Open Preview – Dollar hovers near 4-month highs; raft of corporate earnings due

Posted on April 25, 2018 at 7:45 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index is 0.2% higher today, hovering just below its four-month high posted earlier in the week, as the continued rise in longer-term US bond yields has breathed some life back into the world’s reserve currency. Both the aussie and the kiwi are 0.45% lower against the greenback, extending recent losses. STOCKS: US markets stumbled on Tuesday, pressured by concerns around rising borrowing costs, as well as discouraging signals from [..]

US Open Preview – Euro holds weak; US consumer confidence in focus

Posted on April 24, 2018 at 11:16 am GMT

Here are the latest developments in global markets: FOREX: The dollar index was consolidating around 91.00 in the early European afternoon, its highest level reached since mid of January despite 10-year US Treasury yields retreating further below the 3.0%. Easing geopolitical and trade tensions were also supportive to the greenback as safe-havens continued to lose attractiveness, with dollar/yen crawling slightly up to a fresh 2 ½-month high of 108.90. On the other hand, euro/dollar was struggling at two-month lows, last seen [..]

European Open Preview – Dollar bulls “back on the case”; US consumer confidence due

Posted on April 24, 2018 at 7:48 am GMT

Here are the latest developments in global markets: FOREX: The US dollar traded 0.1% lower against a basket of six major currencies on Tuesday, giving back some of the notable gains it posted yesterday on the back of surging US bond yields. Despite today’s pullback, the dollar index is still trading near a three-month high. Elsewhere, kiwi/dollar fell by 0.5%, with no clear fundamental catalyst behind the decline. STOCKS: US markets closed lower yesterday, for the most part. While the Nasdaq [..]

US Open Preview – Dollar posts fresh high as long-term Treasury yields flirt with 3.0%; European stocks down

Posted on April 23, 2018 at 11:43 am GMT

Here are the latest developments in global markets: FOREX: The dollar picked up speed as the 10-year US Treasury yield continued to trend near 3.0%, the highest since early 2014, underpinned by concerns that increasing oil prices could spread inflationary pressures, while a rise in US debt issuance was also supportive for the jump in yields. Besides that, Saturday’s news out of North Korea increased appetite for riskier investments. The North Korean leader said that he would suspend nuclear and intercontinental ballistic missiles tests ahead of a crucial meeting with [..]

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