Feb. 9 (Bloomberg) -- Canada’s dollar advanced the most in a month versus its
U.S. counterpart as the European Union held out the prospect of aiding Greece,
spurring appetite for currencies tied to economic growth. “Clearly it’s having
an impact on the euro and will cause some of the
Key Technical Levels The 38.2% Fibo extension of the 1.1723-1.0203 decline is
providing solid resistance and an ideal target level for high frequency
traders. Short-term trend line support (1/19, 2/3 lows) has limited downside
risks. The USD/CAD has started to settle into a 125 pip
FOREX: CREDIT DEFAULT SPREADS AND EUR/USD EUR/USD: G7 LEAVES MUCH TO BE DESIRED
GBP/USD: LEADS G7 PUSH FOR BANKING FEE USD/CAD: NEW BUBBLE IN HOUSING ?
NZD/USD: BOLLARD FINDS THAT ECONOMY IS STILL FRAGILE AUD/USD: CUTTING BACK ON
Top Stories Jaoanese data shows slow improvement Asia lower as week starts OIl
at $71.50/bbl Gold bounces over $1066/oz. Overnight Eco JPY Bank Lending -1.5%
vs. -1.0% JPY Current Account 1.10T vs. 1.27T JPY M2 Money Stock 2.9% vs. 3.0%
CHF Unemployment Rate
U.S. DOLLAR: HAVE WE HIT A CAPITULATION POINT ? EUR/USD: STRONGER ECONOMIC DATA
BRINGS REPRIEVE GBP/USD: WILL HOTTER INFALTION BE SUSTAINABLE ? USD/CAD:
SURPRISING INCREASE IN EMPLOYMENT AUD/USD: OIL PRICES
Fundamental Forecast for Canadian Dollar: Bearish - U.S. Dollar Rallies as Risk
Appetite Continues to Fade - Business Spending Rises Less Than Expected -
Canadian Employment Tops Forecast The Canadian dollar pared the decline from
earlier in the week as the economic docket
Feb. 5 (Bloomberg) -- Canada’s dollar rose against most of its major
counterparts including the Australian and New Zealand currencies as the
nation’s employers added more jobs in January than economists forecast. The
loonie erased its gains versus the U.S. dollar and yen on reduced
Fundamental Headlines • Retailers Continued Comeback Into January – Wall Street
Journal • U.S. Futures Track Overseas Losses– Wall Street Journal • Risk
aversion spreads as debt fears grow - Financial Times • Stocks Decline, Euro
Retreats to Eight-Month Low on Deficits,
Top Stories UK PPI much hotter at 2.0% Asia and Europe sharply lower in wake
triple digit losses in Dow (Dow breaks 10,000 in overnight trade) Oil below
$73/bbl Gold near weeks lows at $1050/oz Overnight Eco AUD AIG Construction
Index 57.7 vs. 49.3 JPY
• British Pound Finds Little Stability in the BoE’s Hold on
Rates, Pause in Bond Purchases • Canadian Dollar: Is there
Breakout Potential for Loonie Crosses on Jobs Data? Dollar and Yen Surge as Dow
and Risk Appetite Collapse but what is Left for Friday’s NFPs? Both
Key Technical Levels The 38.2% Fibo extension of the 1.1723-1.0203 decline is
providing solid resistance and an ideal target level for high frequency
traders. Short-term trend line support (1/19, 2/3 lows) has limited downside
risks. The USD/CAD has started to settle into a 125 pip
