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Canadian dollar: What’s next? 4 Issues from Nomura and buying USD/CAD dips from Morgan Stanley

Canadian dollar: What’s next? 4 Issues from Nomura and buying USD/CAD dips from Morgan Stanley

Mar 27, 2015 14:00
The Canadian dollar managed to improve its position recently, with USD/CAD retreating from the highs that got it close to 1.30. The rising oil prices following the crisis...

Majors»

USD/JPY Forecast Mar. 23-27

USD/JPY Forecast Mar. 23-27

Mar 22, 2015 19:32
USD/JPY dropped about 140 points last week, as USD/JPY closed just below the 120 line. This week’s highlights are Tokyo Core CPI and Retail Sales. Here is an outlook...
  • GBP/USD Forecast Mar. 23-27
    GBP/USD Forecast Mar. 23-27
    The British pound showed strong movement in both directions last week, and GBP/USD gained about 180 points....
    on Mar 22, 2015 15:34
  • EUR/USD Forecast Mar. 23-27
    EUR/USD Forecast Mar. 23-27
    EUR/USD certainly enjoyed a recovery, resulting mostly from weakness in the USD. Has it bottomed out? A testimony...
    on Mar 21, 2015 14:00
  • Forex Weekly Outlook Mar. 23-27
    Forex Weekly Outlook Mar. 23-27
    The US dollar suffered a blow from the Fed, but the reaction was not equal across the board, in a week that saw...
    on Mar 20, 2015 15:41

Minors»

AUD/USD Forecast Mar. 23-27

AUD/USD Forecast Mar. 23-27

Mar 22, 2015 17:23
The Australian dollar reversed directions and gained about 150 points last week. AUD/USD closed the week at 0.7761. The upcoming week has just four events. Here is an outlook...
  • NZD/USD Forecast Mar. 23-27
    NZD/USD Forecast Mar. 23-27
    The New Zealand dollar enjoyed a positive week, riding on the weakness of the US dollar among other things. The...
    on Mar 22, 2015 10:35
  • USD/CAD Forecast Mar. 23-27
    USD/CAD Forecast Mar. 23-27
    The Canadian dollar rebounded with an excellent week, as USD/CAD plunged about 260 points last week. The pair...
    on Mar 22, 2015 10:21
  • AUD/USD Forecast Mar. 16-20
    AUD/USD Forecast Mar. 16-20
    The Australian dollar continued its losing ways, dropping about 100 points last week. AUD/USD closed at 0.7622. There...
    on Mar 15, 2015 14:47

Basics & Industry»

QE: Who got it right, Krugman or the Gold bugs? – Market Movers #41

QE: Who got it right, Krugman or the Gold bugs? – Market Movers #41

Mar 13, 2015 10:49
This episode of Market movers is dedicated to Quantitative Easing (QE). This happens as the “QE baton” is passed from the Federeal Reserve to the ECB. These banks...

Recent Articles

Of Mice and Yemen

Of Mice and Yemen

“War”, the satirist Ambrose Bierce once said, “is God’s way of teaching Americans geography”. The average investor certainly knows a little more about Yemen today, after yesterday’s Saudi-led airstrikes on targets across the failed state sent global shares down, and oil prices up almost six percent. Markets remain unsettled this morning, with the prospect of

EUR/USD is still in bounce mode; USD longs more likely on USD/JPY – Elliott Wave Analysis

EUR/USD is still in bounce mode; USD longs more likely on USD/JPY – Elliott Wave Analysis

On EURUSD we are still observing a bullish pattern; with an expanded flat in wave B) that is now trading around an important level, at 1.0800. A bounce here should follow, and it could be in an impulsive manner in the next 24 trading hours. If not, then the count comes under question. EURUSD 1h

Canadian dollar: What’s next? 4 Issues from Nomura and buying USD/CAD dips from Morgan Stanley

Canadian dollar: What’s next? 4 Issues from Nomura and buying USD/CAD dips from Morgan Stanley

The Canadian dollar managed to improve its position recently, with USD/CAD retreating from the highs that got it close to 1.30. The rising oil prices following the crisis in Yemen helped, but did not last too long. So what’s next for the loonie? Here are views from Nomura and Morgan Stanley: Here is their view, courtesy

This week in the markets: Pound drops on zero inflation rate

This week in the markets: Pound drops on zero inflation rate

The dollar started the week on the back foot, with investors continuing to sell after last week’s dovish statement from the Federal Reserve. EUR/USD quickly pushed through both 1.08 and 1.09 on Monday as the markets pushed back the estimated date of the Fed’s first rate hike. The euro found further support from a better

US Final Q4 GDP 2.2% – USD ticks down

US Final Q4 GDP 2.2% – USD ticks down

A slightly disappointing GDP read: it remains at 2.2% annualized – no upgrade. The final read usually has less impact. The USD is a bit lower, with EUR/USD ticking above 1.0890. Update: teh slide of the greenback is accelerating. Personal spending is a bit higher: 4.4% from 4.2% previously reported. The GDP price index is

Rising chances of BOJ action in April following weak inflation

Rising chances of BOJ action in April following weak inflation

Japan reported its inflation numbers, and they were disappointing. The numbers are still skewed by the sales tax hike that sent the country into recession in April 2014, but if you exclude them, it is impossible to say that the Bank of Japan is nearing its 2% inflation goal. With USD/JPY basically stuck in a range around

Resell EUR/USD to 1.04 – BNPP

Resell EUR/USD to 1.04 – BNPP

The US dollar is on the rise again and the euro begins to feel the heat. Is there more room to go? The team at BNP Paribas certainly thinks so and sets a low target: Here is their view, courtesy of eFXnews: The USD has relatively retreated in the aftermath of the 18 March FOMC statement.

Markets await US GDP

Markets await US GDP

Yesterday was a strong indicator of the changing dynamic in FX markets, in that we saw the dollar weaker even when stocks were on the back-foot and political tensions in the Middle East were escalating. We moved away from the “risk-on/risk-off” world seen in the wake of the global financial crisis and the dollar was

EUR/USD falls to 1.08 – erases the weekly gains

EUR/USD falls to 1.08 – erases the weekly gains

Are we seeing the end of the USD correction? For a change, data coming out of the US was not all bad and the dollar had reasons to rise The result is a fresh surge of the greenback. For the euro, which continues being weighed down by QE, this means new falls. Also talks about Greece’s cash flow

EURUSD Holds at Critical Resistance Printing a Sell Signal

EURUSD Holds at Critical Resistance Printing a Sell Signal

The markets have been very churned up this week so traders should be extra vigilant with their trading decisions. It is hard to find good PA setups at the moment, and is probably going to be one of those ‘hurry up and wait’ weeks. Looking at the EURUSD today – an inside day recently formed within some