© 1982-2022 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial
USDCAD TECHS

Doji Candle Pattern

US TSYS

Real Yields Climb Vs. Nominals

CANADA

CIBC and RBC On Upcoming GDP

AUDUSD TECHS

Key Support Still Exposed

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
Trending Top 5
Topics

USDCAD Pulls Back Just Shy Of Bull Trigger

CANADA
BulletMarketsForeign Exchange
  • USDCAD sees a late boost as US equities and oil fall, now up 0.5% at 1.2900 (high 1.2909) as both CAD and AUD are under pressure today.
  • The pair moves closer to resistance at the short-term bull trigger of 1.2914 (May 2 high), clearance of which would open the key bull trigger of 1.2964 (Dec 20, 2021 high).
  • Little driver from rates today, with BAX futures seeing a smaller rally than Eurodollars and the Can-US yield differential at just -1.5bps at both 2Y and 10Y tenors.

Source: Bloomberg

100 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.
  • USDCAD sees a late boost as US equities and oil fall, now up 0.5% at 1.2900 (high 1.2909) as both CAD and AUD are under pressure today.
  • The pair moves closer to resistance at the short-term bull trigger of 1.2914 (May 2 high), clearance of which would open the key bull trigger of 1.2964 (Dec 20, 2021 high).
  • Little driver from rates today, with BAX futures seeing a smaller rally than Eurodollars and the Can-US yield differential at just -1.5bps at both 2Y and 10Y tenors.

Source: Bloomberg