Results for 'CAD'
32 articles with this tag name
Aktualisiert Mar 19, 2013 4:20:00 PM
Safe havens are stronger again today as the Cyprus government rejected a tax on bank deposits, which raised uncertainty over how the troubled nation will obtain necessary aid. The USD is stronger against all of its major counterparts with the exception of the JPY amid demand for safety. The JPY is outperforming in the G10 space today – an indication that the yen still remains a haven. With current Bank of Japan Governor Shirakawa stepping
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Aktualisiert Mar 18, 2013 4:15:00 PM
The USD is broadly higher amid safe haven demand as the Cyprus bailout took center stage. A vote by the Cyprus Parliament to agree on bailout terms that was originally planned for today was postponed until tomorrow. The nation’s government must decide whether to implement proposed taxes on bank deposits which is a condition to obtaining troika aid. Latest headlines indicate that President Anastasiades lacks the votes to pass the proposed bank tax and this
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Aktualisiert Mar 14, 2013 4:15:00 PM
The USD consolidated lower against most of the G10 currencies, but is stronger against the SEK and NOK. Sweden’s unemployment surprisingly ticked higher to 8.5% from 8.4% and the SEK is softer as a result of the disappointing data. Both the Swiss National Bank (SNB) and Norges Bank kept their respective benchmark rates on hold at policy meetings today. The SNB reiterated that the franc cap is the “right monetary policy for now” and that
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Aktualisiert Mar 6, 2013 4:05:00 PM
The USD is higher across the board after stronger US economic data. US treasury yields and equities are advancing as well. It is too early to say that the USD is no longer responding inversely to risk sentiment, however the improving fundamentals are playing an increasing role in USD strength of late. Indeed, correlations tend to break down when markets rally and are generally much stronger in times of risk aversion. The JPY is the
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Aktualisiert Mar 5, 2013 3:40:00 PM
In mid-January we cited a potential Dow Theory confirmation on the horizon, as the Dow Jones Transportation Average broke above its previous 2012 highs, meanwhile the Dow Industrials remained below its 2012 highs of 13,660/65. This is precisely what chartists would expect to be the case as Charles Dow himself often found the Transportation average to be a leading indicator, based on the concept that goods would first need to be transported before they could
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Aktualisiert Feb 25, 2013 4:30:00 PM
Risk sentiment was markedly lower today as the results of Italy’s elections showed no clear winner at time of writing. Italy has the largest amount of debt outstanding in the Euro zone, and political instability threatens both economic and financial stability which is already quite fragile. Equities tumbled on the uncertainty, Italian yields rose, US yields declined and in FX, the EUR plunged while the JPY outperformed. EUR/JPY was hit hard with the pair falling
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Aktualisiert Feb 19, 2013 4:00:00 PM
The USD is mostly weaker today after a drop in US home builders confidence and headlines from key officials regarding the looming sequester. The buck is stronger against the CAD and GBP however as Canadian economic data weighed on the currency while the GBP continued to underperform. JPY consolidated higher ahead of tonight’s trade balance and the technical picture in USD/JPY suggests a possible head and shoulders pattern with neckline around the 92.20 area (see
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Aktualisiert Feb 12, 2013 4:40:00 PM
The dollar is broadly weaker with the dollar index1 falling back to test the 100-day simple moving average (SMA) and 80.00 level which appears to be holding as support for now. There were few economic data releases today with a business optimism reading that was slightly lower than forecast and an unexpected January budget surplus. The NFIB small business optimism index rose to 88.9 in January from the prior 88.0 as 7 of the 10
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Aktualisiert Feb 7, 2013 4:15:00 PM
The greenback is trading firmly with the dollar index1 moving back above key technical levels as it broke through the 55- and 100-day simple moving average (SMA) as well as the pivotal 80.00 figure. The USD is stronger against all of the G10 currencies except for the JPY and the GBP after central bank meetings in Europe (ECB and BoE) and as weekly US initial jobless claims fell. EUR falls after Draghi The European
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Aktualisiert Feb 6, 2013 4:25:00 PM
The dollar is mostly firmer today (except against the GBP and JPY) as US treasury yields trade fell across the curve and equity markets chopped around before finishing the day marginally higher. Political risk in the US is coming back into focus ahead of the March 1 deadline for a budget plan. House Speaker Boehner said he would oppose sequester delay without spending cut and urged Washington to deal with its spending problem. EU officials
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