Free Trial

CAD boosted by firmer oil prices......>

DOLLAR-CANADA
DOLLAR-CANADA: CAD boosted by firmer oil prices dipped back under C$1.33 and
closed below the 100-dma yesterday. The firmer tone spilled over into Asia which
has seen the rate hold a narrow C$1.3305-31 daily range. Bears look to take out
the 50-dma at C$1.3284 to extend the downtrend, opening the Mar 19 low & 50%
fibo of C$1.2783-1.3665 at C$1.3251/24.
- EURCAD touched pullback lows of C$1.4906, focusing on a downside break of the
C$1.49 level, ahead of double-bottom support at C$1.4880/85.  

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.