Results for Canadian dollar
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USD Turns Bid: Euro and Sterling Share Dollar-Bloc and Yen's Pain

January 15, 2014
The US dollar is firmer across the board today as investors continue to regain confidence that the FOMC will proceed with its tapering efforts.  The impression is that the strength of the retail sales stripped of autos, building materials and gasoline showed a unexpected resilience of the US consumer that does not mesh with the weakness in employm…
USD Turns Bid: Euro and Sterling Share Dollar-Bloc and Yen's Pain USD Turns Bid: Euro and Sterling Share Dollar-Bloc and Yen's Pain Reviewed by Marc Chandler on January 15, 2014 Rating: 5
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FX Drivers for the Week Ahead

January 12, 2014
At the risk of oversimplifying, there seems to be a single overriding driver of the global capital markets in the coming days.  It is how investors see the implications of last week's dismal jobs data.
In particular, many observers are suggesting that it raises doubts over the Fed's willingness to continue to pullback from its asset purch…
FX Drivers for the Week Ahead FX Drivers for the Week Ahead Reviewed by Marc Chandler on January 12, 2014 Rating: 5
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Currency Positioning and Technical Outlook: Euro and Sterling to New Highs? Currency Positioning and Technical Outlook: Euro and Sterling to New Highs? Reviewed by Marc Chandler on January 11, 2014 Rating: 5
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A Few Thoughts on the Job Shocker

January 10, 2014
The shockingly poor US employment data is bolstering bonds, while initial equity market gains have been reversed.   It is weighing on the dollar, nearly across the board, and giving some of the accessible emerging market currencies a reprieve from the recent selling pressure.  
The Fed's Lacker (a non-voting hawk) tried playing up the drop in t…
A Few Thoughts on the Job Shocker A Few Thoughts on the Job Shocker Reviewed by Marc Chandler on January 10, 2014 Rating: 5
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Sterling Pounded, Euro Resilient in Face of Dovish Draghi

January 10, 2014
The main development in the foreign exchange market, as participants await the US jobs data, has been the drop in sterling following the disappointing industrial output data.
Recall that in November, the UK's manufacturing PMI rose to a new 2-year high of 58.1 from 56.5. It had encouraged economists to look for a gain of around 0.4% in industr…
Sterling Pounded, Euro Resilient in Face of Dovish Draghi Sterling Pounded, Euro Resilient in Face of Dovish Draghi Reviewed by Marc Chandler on January 10, 2014 Rating: 5
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Dollar Mostly Firmer, Ahead ADP and FOMC Minutes

January 08, 2014
The US dollar is enjoying a firm bias; straddling the JPY105 after having dipped below JPY104 at the start of the week and new multi-year highs against the Canadian dollar.  Despite a sharp jump in November euro zone retail sales, at least partly telegraphed by yesterday's German report, the euro remains pinned near its recent lows.   There is…
Dollar Mostly Firmer, Ahead ADP and FOMC Minutes Dollar Mostly Firmer, Ahead ADP and FOMC Minutes Reviewed by Marc Chandler on January 08, 2014 Rating: 5
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Currency Positioning and Technical Outlook: Position Adjustment or Trend Reversal? Currency Positioning and Technical Outlook: Position Adjustment or Trend Reversal? Reviewed by Marc Chandler on January 04, 2014 Rating: 5
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Currency Positioning and Technical Outlook: Dollar Weakness is Really Euro and Sterling Strength Currency Positioning and Technical Outlook: Dollar Weakness is Really Euro and Sterling Strength Reviewed by Marc Chandler on December 28, 2013 Rating: 5
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Currency Positioning and Technical Outlook: Thin Conditions Dominate

December 21, 2013
The lack of participation in the global capital markets, in general, and the foreign exchange market, in particular, can make for erratic price action punctuating an eerie calm.  Order flow and position adjustment (passive, as in triggering of stops, or more active ahead of year end) may exert greater influence than is often the case. 
Here is an…
Currency Positioning and Technical Outlook: Thin Conditions Dominate Currency Positioning and Technical Outlook: Thin Conditions Dominate Reviewed by Marc Chandler on December 21, 2013 Rating: 5
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Dollar Consolidates Gains, Markets Digest News in Year-End Mode

December 19, 2013
After yesterday's post-FOMC volatility, and eventual dollar gains, a consolidative tone has emerged in holiday-thin trading.  In fact, it is difficult to separate the year-end positioning adjustments with the response to the Fed's tapering.

The Fed coupled with small $10 bln tapering announcement with a stronger forward guidance, though shi…
Dollar Consolidates Gains, Markets Digest News in Year-End Mode Dollar Consolidates Gains, Markets Digest News in Year-End Mode Reviewed by Marc Chandler on December 19, 2013 Rating: 5
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The Week Ahead and Beyond

December 15, 2013
There are three main events in the days ahead that will set the stage of the immediate post-holiday period:  The FOMC meeting, the flash euro area PMIs and the European summit. 
The recent string of data has convinced many observers that the US economic expansion has accelerated to the point where the Fed could begin to slow its assets purchases …
The Week Ahead and Beyond The Week Ahead and Beyond Reviewed by Marc Chandler on December 15, 2013 Rating: 5
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Currency Positioning and Technical Outlook: Euro and Sterling Momentum Fades

December 14, 2013
Unbeknownst to many, the Canadian dollar was the strongest of the major currencies last week, appreciating almost 0.5% against its US counterpart.  The euro (and the Swiss franc and Danish krone which are nearly pegged to it) gained half as much.   The weakest currencies were the Australian dollar, with the help of the governor of the central bank…
Currency Positioning and Technical Outlook: Euro and Sterling Momentum Fades Currency Positioning and Technical Outlook: Euro and Sterling Momentum Fades Reviewed by Marc Chandler on December 14, 2013 Rating: 5
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