Canadian Dollar Dec '21 (D6Z21)
Canadian Dollar Futures Market News and Commentary
The dollar index (DXY00) on Thursday fell -0.424 (-0.45%). EUR/USD (^EURUSD) rose +0.0059 (+0.50%). USD/JPY (^USDJPY) rose +0.47 (+0.43%). The dollar index on Thursday posted moderate losses. A sharp rally in stocks on Thursday reduced the liquidity demand for the dollar. The dollar was also under pressure Thursday after weekly U.S. jobless claims unexpectedly rose and after a gauge of U.S. manufacturing activity fell more than expected.
EUR/USD (^EURUSD) on Thursday rallied moderately. Dollar weakness on Thursday supported gains in EUR/USD despite weak economic data that showed the Eurozone Sep Markit manufacturing PMI fell -2.7 to a 7-month low of 58.7, weaker than expectations of 60.3.
USD/JPY (^USDJPY) on Thursday rallied moderately for a second day and posted a 2-week high. A surge in T-note yields on Thursday undercut the yen after the 10-year T-note yield rose to a 2-1/4 month high of 1.410%. Also, strength in global equity markets on Thursday curbed th... Read more
- Dollar Tumbles on Strong Stocks and Weak U.S. Economic Data
The dollar index (DXY00 ) on Thursday fell -0.424 (-0.45%). EUR/USD (^EURUSD ) rose +0.0059 (+0.50%). USD/JPY (^USDJPY ) rose +0.47 (+0.43%). The dollar...
- Stocks Rally on Fed Taper Guidance
What you need to know… The S&P 500 Index ($SPX ) (SPY ) this morning is up by +1.03%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +1.20%, and...
- NZDJPY Elliott Wave Analysis - Looking Higher Towards 82-84 Area
NZDJPY is trading bullish , ideally within a five-wave impulse from the March 2020 lows, mainly because of current slow price action and corrective wave...
- USDCHF Retesting 61.8% Fib Retrace of Apr-Jun Slide
The USDCHF is trying to halt the consolidation since the beginning of the week, with a decisive rebound coming as early as today following the SNB’s...
- Dollar Erases Early Losses and Rallies on Hawkish Fed
The dollar index (DXY00 ) on Wednesday rose +0.094 (+0.10%). EUR/USD (^EURUSD ) fell -0.0022 (-0.19%). USD/JPY (^USDJPY ) rose +0.60 (+0.55%). The dollar...
- U.S. Dollar and Fibonacci
This is another Viewer Request for analysis on the U.S. Dollar using the ONE44 Fibonacci retracements