All Blog Posts Tagged 'CAD' (189)

TD: Morning FX Outlook-USDCAD

"Technically, USDCAD looks to us like it “wants” to trade higher but is lacking incentives at the moment.  Short-term trend momentum is positive, keeping USDCAD pinned up against short-term resistance in the 1.1020 area. A break above 1.1020 should see spot rally to 1.1070 or so fairly easily (the 40-day MA comes in at 1.1065).  A high close for USDCAD…

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Added by Daologic on April 17, 2014 at 11:30am — No Comments

TD: Morning FX Outlook- USDCAD

"(...)

USDCAD: Building a Base

Open 1.0995     Range 1.0960/1.1001c   Prev. Close 1.0962…

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Added by Daologic on April 15, 2014 at 12:12pm — No Comments

BMO FX Strategy Daily: USDCAD

"(...) Option-related expiries and better demand for USDs appeared to be largely responsible for the test of the 1.100 level in USDCAD.  We expect the 1.100-1.103 range to cap rallies ahead of the BoC tomorrow, but the coming days are going to see the CAD in the limelight once again.  The pre-Easter lull in…

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Added by Daologic on April 15, 2014 at 12:07pm — No Comments

TD: Morning FX Outlook-FX Set-up: Draghi—Keeping the Threat Alive

"FX Set-up: Draghi—Keeping the Threat Alive…

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Added by Daologic on April 14, 2014 at 12:00pm — No Comments

UBS FX Comment - Pain, Positioning and Policymakers

"The pain trade in the currency markets is the renewed weakness of the dollar against the euro, yen, Swiss franc and Australian dollar. Despite US jobless claims falling to its lowest levels since 2007, the greenback has been sold since March's Federal Open Market Committee minutes were published. In the very near term dollar longs may still be cut. But the market's position adjustment is also painful for policymakers outside the US seeking weaker domestic currencies against the greenback.…

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Added by Daologic on April 14, 2014 at 5:30am — No Comments

BBH MarketView: Dollar Breakout or Range-Bound ?

"Dollar Breakout or Range-Bound?

The US dollar had a difficult week. It lost ground against all the major currencies. Falling interest rates, sparked by the FOMC minutes that reassured investors that an early US rate…

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Added by Daologic on April 14, 2014 at 5:30am — No Comments

TD: FX and Commodities Weekly-Canadian Dollar

"Short-term Gain, Longer-term Pain for the CAD

A difficult year just got a little harder for many FX market participants. Consensus trades that prevailed through Q1 – especially the short CAD trade – have unraveled as Q2 gets underway. Investors who were anxious to buy the dip to 1.10 as USDCAD pushed through 1.12 earlier in March have pulled in their bullish horns and bear claws are being sharpened as USDCAD traded to a fresh 2014 low below

1.09 this…

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Added by Daologic on April 11, 2014 at 5:00am — No Comments

TD:FX and Commodities Weekly-Recent Trade Recommendations

"OPEN TRADE – March 27

Sell EURAUD at 1.4839

Target of 1.45; Stop of 1.4839 (revised)

There is a window for the AUD to overshoot and the

EUR’s topside potential should be severely limited by

the ECB lifting the FX issue to front and centre of its

policy communication strategy. We have dropped the

stop on this trade to cost though as equity market

volatility may limit the shelf life of this trade.

CLOSED…

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Added by Daologic on April 11, 2014 at 4:30am — No Comments

TD: Morning FX Outlook-USDCAD: Slides Below Key Support

"USDCAD: Slides Below Key Support…

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Added by Daologic on April 10, 2014 at 11:30am — No Comments

BMO FX Strategy Daily: USDCAD

"From the Spot Desk

 …

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Added by Daologic on April 10, 2014 at 11:00am — No Comments

TD: Morning FX Outlook - USDCAD: Steadies Around Key Support

"USDCAD: Steadies Around Key Support…

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Added by Daologic on April 9, 2014 at 12:30pm — No Comments

TD: Morning FX Outlook-FX Set-up: EUR Fades ECB-induced Weakness

"FX Set-up: EUR Fades ECB-induced Weakness…

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Added by Daologic on April 8, 2014 at 11:30am — No Comments

RBSM: Global Currency Themes for the Week | Still Accumulating USDs

"Trading Strategy | Continue to look for opportunities to accumulate dollars as the data challenge the Fed's push back on higher market interest rates. Add GBP/USD shorts to existing USD/CHF longs on evidence of widening imbalances and slowing UK growth. Stay short EUR/USD after last week's soft Euro area CPI report and dovish ECB. Add on a break of 1.3645. Square tactical long USD/SEK exposure ahead of this week's Riksbank meeting, but…

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Added by Daologic on April 7, 2014 at 12:30pm — No Comments

USDCAD - Selling to deepen.

The setback from this year’s high continued last week with an expected 2nd down week in a row. This move lower, dominated by selling at the beginning and end of the week, took USDCAD to 4 week lows and consolidated prices within the Ichimoku Cloud. These are not strong signals but supported by negative 3cA studies and with the 13 day m.a capping we look for the downside to develop with potential to 1.0911 and 1.0870.…

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Added by Alan Collins on April 7, 2014 at 7:29am — No Comments

TD: FX CFTC Report

"Changes in IMM positioning in the major currencies were moderate in the week through April 1st, except for MXN, JPY, and AUD.  The former registered a significant increase in net long contracts, which led to a reversal from a net short position of –1.6k to a net long…

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Added by Daologic on April 7, 2014 at 6:29am — No Comments

TD:FX and Commodities Weekly- Canadian Dollar- CAD

"Short CAD Trade Loses Momentum but Better March Jobs Data Won’t Change Much

(...)

Even with a decent rebound in Canadian jobs, the CAD may not get too much traction if US NFP data continue to improve. We can’t exclude the risk of a short-term drop below 1.10 in USDCAD near-term, given the way the market has traded this week but we don’t think the broader trend towards CAD under-performance will change anytime soon given the sluggish underlying trend evident in…

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Added by Daologic on April 4, 2014 at 5:34am — No Comments

TD Securities: Recent Trade Recommendations:Sell EURAUD and Buy USDCAD

"Recent Trade Recommendations

OPEN TRADE – 27 March

Sell EURAUD at 1.4839

Target of 1.4200; Stop of 1.4960

This trade remains just about alive but might regain

momentum in the near-term if today’s ECB policy

messaging gets a little more traction with the market.

EURAUD losses should pick up below 1.4820/30.

OPEN TRADE – 20 February

Buy USDCAD at 1.1106

Target of…

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Added by Daologic on April 4, 2014 at 5:30am — No Comments

TD: Morning FX Outlook-FX Set-up: Q1 Done, Thankfully

"FX Set-up: Q1 Done, Thankfully…

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Added by Daologic on April 1, 2014 at 11:30am — No Comments

JPM:FX Markets Weekly

"Macro Trade Recommendations:

Although higher US yields are only delivering narrow USD gains, it is too

soon to claim a game change or buy into the broad carry revival. Keep

selective USD longs (vs. EUR, MYR and PHP) in option form. CAD still

has medium-term downside but short-term upside: buy vs SEK. Stay long

a 1-yr EUR/CHF put and short GBP/CAD vol.



Technical Strategy:

The euro looks increasingly vulnerable…

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Added by Daologic on March 31, 2014 at 1:00pm — No Comments

TD: Morning FX Outlook-FX Set-up: JPY Weaker on Poor Data

"FX Set-up: JPY Weaker on Poor Data…

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Added by Daologic on March 31, 2014 at 11:57am — No Comments

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