Free Trial

CAD improves across the board ytd with........>

FOREX
FOREX: CAD improves across the board ytd with gains of 3.02% against SEK, 2.47%
against NOK & +2.0% gains via EUR, CHF, GBP & USD. EURCAD touched pullback lows
of C$1.5242 with bears targeting the 200-dma & 50% retracement level of
C$1.4761-1.5646 at C$1.5217/04, below here opens the 100-dma & Dec 17 low at
C$1.5120/16. AUDCAD recovered the 100-dma (C$0.9462) on Friday with gains
extending to C$0.9542. Consolidation has largely remained the theme through Asia
with bulls looking for a break of the 200-dma at C$0.9595 for the next leg
higher. 

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.