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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.
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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessUSD/CAD trades at C$1.3070 at.........>
DOLLAR-CANADA: USD/CAD trades at C$1.3070 at writing, consolidating after
legging higher over the past couple of session.
- The pair's rise is attributed to a rout in oil prices over the last few days,
as well as broader dollar strength.
- Staying above the 100-DMA at C$1.3065 would give bulls a green light to
challenge the channel top & 61.8% fibo resistance at C$1.3135. Bears keep an eye
on the Oct 10 low seeking to target the C$1.2898 200-DMA.
- Points of note today include Canadian CPI & retail sales ahead of the BoC's
decision next week.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.