Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
May 14 - 01:55 PM

USD/CAD - Drifts Lower After PPI Revisions Hint At Falling Prices; CPI On Deck

By Paul Spirgel  —  May 14 - 11:45 AM
  • $CAD a tad soft in NorAm, -0.12% at 1.3649; Tuesday Range 1.3691-34

  • Pair drips lower after US PPI revisions hint at slowing inflation

  • Canada wholesale trade downside miss tempers CAD gains

  • US CPI Wednesday the main event; Rtrs consensus f/c core 3.6% vs 3.8% pvs

  • Should CPI show upside surprise Fed steady, higher hike tones will lift USD

  • Supt 1.3633 50% of 1.3420-1.3847, 1.3609 lwr 21d Bolli, 1.3566 the 200DMA

  • Res 1.3691 Tuesday high, 1.3707 the 21-DMA, 1.3782/85 the May1/Apr 30 high area

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2024 eFXdata · All Rights Reserved
!