Free Trial

USD/CAD is feeling the impact of......>

DOLLAR-CANADA
DOLLAR-CANADA: USD/CAD is feeling the impact of faltering WTI prices. The rate
bounced and last trades +27 pips at C$1.4061 as CLM0 has shed $1.91/barrel vs.
settlement at typing.
- Bulls keep an eye on Apr 23 high of C$1.4198, with the next resistance level
above coming in at C$1.4265, the high of Apr 21. Bears look for a fall below Apr
23 low/psychological level/Apr 17 & 20 lows clustered in the C$1.4000-C$1.3998
area before targeting the 50-DMA at C$1.3892.
- BBG reported that the gov't's shortlist for the next BoC Gov has been narrowed
down to two names, with Dep Gov Wilkins (no surprise here) still in the game.
- Canada's monthly GDP data (Thursday) and Markit M'fing PMI Survey (Friday)
headline the local docket this week.

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.