US TSYS/SUPPLY: TD Pushes Back Coupon Upsizing Start To Nov From Aug

Feb-05 21:16

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In the wake of the unchanged issuance guidance in the February Treasury Quarterly Refunding Announce...

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ASIA: Coming Up In Asian Markets On Tuesday

Jan-06 21:11
0100GMT0900HKT1200AEDTPhilippines Dec CPI
0800GMT1600HKT1900AEDTTaiwan Dec CPI 
1030GMT1830HKT2130AEDTIndia GDP Financial Year Estimate
   China FX Reserves

ASIA: Coming Up In Asia Pac Markets On Tuesday

Jan-06 21:05
2350GMT0750HKT1050AEDTJapan Dec Monetary Base
0001GMT0801HKT1101AEDTUK Dec BRC Sale Y/Y
0030GMT0830HKT1130AEDTAustralia Nov Building Approvals
0335GMT1135HKT1435AEDTJapan 10yr Debt Sale

USDCAD TECHS: Uptrend Remains Intact

Jan-06 20:48
  • RES 4: 1.4678 2.0% 10-dma envelope
  • RES 3: 1.4539 3.382 proj of the Oct 17 - Nov 1 - 6 price swing
  • RES 2: 1.4508 3.236 proj of the Oct 17 - Nov 1 - 6 price swing
  • RES 1: 1.4467 High Dec 19 
  • PRICE: 1.4332 @ 20:46 GMT Jan 6 
  • SUP 1: 1.4320/4280 20-day EMA / Low Jan 6  
  • SUP 2: 1.4232 Low Dec 17 
  • SUP 3: 1.4136 50-day EMA
  • SUP 4: 1.4011 Low Dec 5

USDCAD traded lower Monday. The trend set-up remains bullish and a move down appears corrective. The latest pause in the uptrend appears to be a flag formation - a bullish continuation signal. Note too that MA studies are in a bull-mode position, highlighting a dominant uptrend. Sights are on 1.4508 next, a Fibonacci projection level. 1.4320, the 20-day EMA, has been pierced. A clear break of the EMA would open 1.4136, the 50-day EMA.