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Apr 22 - 01:55 PM

USD/CAD - Downward Trend Intact Amid Trade, Fed Tumult

By Paul Spirgel  —  Apr 22 - 11:37 AM

• $CAD a tad soft into Lon cls, -0.18% at 1.3815; Tuesday range 1.3860-1.3795

• USD broadly sideways amid lingering Trump-Fed, trade uncertainties

• Commods remain firm amid rising inflation expectations, Powell/Fed concerns

• Gold off session, ATHs at $3,500.-, USD alternatives remain bid; BTC +4.2%

• STIR futs price near 50% odds for BoC June cut, Fed seen on hold in May

• $CAD res 1.3860 Tues high, 1.3896 falling 10-DMA, 1.4014 flat 200-DMA

• Supt 1.3781 Monday low, 1.3733 the 100-WMA, 1.3691 lwr 21-d Bolli

CAD Chart:


(Paul Spirgel is a Reuters market analyst. The views expressed are his own)

Source:
London Stock Exchange Group | Thomson Reuters

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