Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Aug 04 - 01:55 PM

USD/CAD - Slips From 2-Month High By Daily Cloud Top After Soft Payrolls Data

By Paul Spirgel  —  Aug 04 - 11:40 AM
  • $CAD flat at 1.3353 into Europe cls; Friday range 1.3393-1.3335

  • Pair off post-NFP high as traders focus on revisions, see end of Fed hikes

  • UST yields off pre-payrolls high; IRPR shows Nov peak in Fed rates at +9bp

  • Selloff comes in spite of rise in earnings; traders await CPI on Aug 10

  • $CAD res at daily cloud top 1.3393, 100-DMA 1.3402, 200-DMA 1.3455

  • Support 1.3335 Friday low, 1.3306 55-DMA, rising 10-DMA 1.3255

  • 10-DMA abv 21-DMA (1.3228), bullish cross, hints at pot'l for further gains

  • Canada, U.S. seen on similar rate paths; oil rise aid CAD rise

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2023 eFXdata · All Rights Reserved
!