USD/CAD is undergoing a correction caused by stronger employment numbers and a break below the technically important 1.1384 support, according to George Davis, Chief FIC Technical Analyst at RBC Capital Markets.
The US dollar remains the purest play on US “escape velocity” and is BAML’s highest conviction asset allocation decision, according to Michael Hartnett, Chief Investment Strategist at BofA Merrill Lynch Global Research.
Recent USD strength hints at the start of a sustainable recovery to as high as 107 for the US dollar index, according to Peter Lee, Chief Technical Strategist at UBS in New York.
USD/ZAR needs to close above a key double top to trigger a new phase of bullish price momentum, according to George Davis, Chief FIC Technical Analyst at RBC Capital Markets.
Emerging markets are under threat from a strengthening US dollar, according to Riccardo Ronco, Head of Technical Analysis at Aviate Global.
Confirmation of a head and shoulders continuation pattern suggests EURUSD will extend its move downwards, according to Steve Jarvis, Chief Technical Analyst, at Tradermade.
Renewed EURUSD weakness is expected for the rest of this year and into the beginning of 2015, according to Anne Whitby, technical analyst at 4CAST.
The US dollar is on the verge of the next leg lower, according to Chris Williams, Senior Broker at Newedge.
RBC Capital Markets has raised its USD/CAD target to 1.1650 as the pair reached a new 5-year high.
The relationship between USD/JPY and gold is one of the most interesting intermarket stories around, according to George Davis, Chief FIC Technical Analyst at RBC Capital Markets. He points out that this correlation is now at its most negative since 2008.