Free Trial

USD/CAD last trades a touch higher,...>

DOLLAR-CANADA
DOLLAR-CANADA: USD/CAD last trades a touch higher, at C$1.3461, with WTI trading
~$0.40 lower at writing. Bulls look to the Jan 4 high of C$1.3496, situated just
below the C$1.3500 handle. Meanwhile, the initial bearish target is provided by
the upper 1.0% 10-DMA envelope and a break below would open up the cloud top,
located at C$1.3392.
- Canadian focus turns to domestic labour mkt data, due today, but the ongoing
SNC-Lavalin affair and Sino-Canadian relations will also be closely watched.

To read the full story

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.