Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Jul 12 - 01:55 PM

USD/CAD - Trades Cautiously Ahead Of Powell, BoC On Wednesday

By Paul Spirgel  —  Jul 12 - 11:42 AM
  • USD/CAD up a tad +0.16% at 1.2460, Monday's range 1.2514-1.2442

  • Pair trades lower after commodities rally off worst levels of the day

  • Back w/in Bolli envelope, support found ahead of 10-DMA (1.2427)

  • Traders cautious ahead of US CPI Tues, Powell Congress testimony Wed/Thurs

  • CAD outperforms other DM currencies, BoC Wednesday exp'd hawkish on taper

  • Diverging Powell-BoC comments puts daily cloud top supt by 1.2331 in view

CAD Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2021 eFXdata · All Rights Reserved
!