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EQUITIES

Fall lower led by the cash open.

USDCAD TECHS

Remains Vulnerable

NATURAL GAS

TTF Falls Further as Low Demand Eases Supply Pressure

SILVER TECHS

Trend Needle Points North

AUDUSD TECHS

Northbound

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CAD Leads The Way

CANADA
  • An uptick in USD strength has seen USDCAD move from a session low of 1.2819 to currently trade -0.28% on the day at 1.2842.
  • CAD leads the majors along with AUD with modest risk on moves largely holding since the US came in before upcoming US data and the open.
  • It extends a corrective pullback for USDCAD, and having cleared the 20-day EMA next opens the 50-day EMA of 1.2798, whilst it doesn’t trouble resistance at yesterday’s high of 1.2917.
  • Trudeau notes willingness to expand energy infra to help Europe in the medium-term but as Natural Resources Minister Wilkinson has said, even a re-purposing of a natural gas import terminal for exports could take 3-4 years.

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