The Canadian dollar has extended its losses today. USD/CAD is trading at 1.2743, up 0.35% on the day. Thursday saw the US dollar gives its Canadian cousin a spanking, as USD/CAD jumped 1.13%, its highest daily gain this year. A rise in US Treasury yields helped boost the US dollar, as the 10-year yield remains […]
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Markets Core bond yields yesterday staged a further (forceful) bear steepening heading into the Fed, BoC, BoE and ECB policy meetings scheduled today and tomorrow. Markets are growing ever more convinced that a prolonged stalemate Read more…
Daily Pivots: (S1) 1.1684; (P) 1.1706; (R1) 1.1735; More…. Intraday bias in EUR/USD remains neutral for the moment. Further rally is expected with 1.1662 support intact. On the upside, sustained trading above 61.8% retracement of Read more…
Daily Pivots: (S1) 159.12; (P) 159.45; (R1) 159.95; More… Intraday bias in USD/JPY remains neutral as consolidation continues below 160.45. Further rise is expected with 157.49 cluster support (38.2% retracement of 152.25 to 160.45 at Read more…