Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Jan 05 - 01:55 PM

USD/CAD - Caught Between Its Falling 10-DMA And Daily Cloud Top Support

By Paul Spirgel  —  Jan 05 - 11:37 AM
  • USD/CAD flat into Lon fix early NY gain evaporates, Wed range 1.2740-1.2693

  • Oil up 1.5%, BoC odds for hike on Jan 26 at 56% aids CAD rise

  • USD broadly lwr despite ADP jobs beat, overbought USD soft pre-Fed minutes

  • USD/CAD res at falling 10-DMA by 1.2755, support at daily cloud top 1.2640

  • BoC likely to take rate cues from increasingly hawkish-leaning Fed

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
© 2022 eFXdata · All Rights Reserved
!