Free Trial

USDCAD based ahead of C$1.32 with.....>

DOLLAR-CANADA
DOLLAR-CANADA: USDCAD based ahead of C$1.32 with the recovery extending to
C$1.3215 at the NY crossover. Focus turns to Canadian Retail Sales at 1330GMT.
The reading in November was fairly weak at -0.9% m/m and -0.6% excluding fuel.
The MNI median does not predict weakness in sales abating with the December
figure expected at -0.5% m/m and -0.4% excluding fuel.
- The 100-dma at C$1.3256 remains the immediate topside focus for bulls, opening
the Feb 19 high at C$1.3281. Bears need a close under the 200-dma at C$1.3156 to
reignite momentum and extend the downtrend. USDCAD last C$1.3211.

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.