Japan October Vehicle Sales (YoY) rises to 17.3% vs -6.4%

Nov 1, 2013

Flash: USD/CAD setting up for a longer term uptrend - TDS

While the market is still trying to come to terms with the decision by the the Bank of Canada to adopt a neutral bias on monetary policy, according to Greg T. Moore, FX Strategist at TDS, "the shift suggests the CAD could quickly lose the yield advantage that has been one of its pillars of support in recent years." That, in view of Moore, strengthens the case for a longer term trend higher in USD/CAD. Short term, USD/CAD has probably seen the lows of the year, Moore states.

CHF/JPY falls apart as Nikkei declines by over 1%

The CHF/JPY has been heading south since the early start of the Asian trading session, as risk aversion sentiment coupled with Nikkei sharp losses led the Japanese currency to outperform across the board.