Forex Investment and Currency Trading

Overnight USD/CAD Movement
Asia: Although weakness in crude oil prices sustained a bid tone in USD/CAD overnight, the pair did return below 1.0100 at the North American open as Canadian CPI was stronger than expected. There were no major deal flows noted during the Asian session, with the soft tone in crude oil prices attracting buying [...]

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Few directional or material deal flows noted in USD/CAD during the overnight session.
Prices drift lower in London due to broader-based USD weakness.
Resistance at 1.0066 and 1.0080 is expected to attract short-term selling pressure for a pullback to support at 1.0027 and 0.9998.

Overnight FX Trading Activity:
Asia: USD/CAD traded lower during a quiet overnight session, as broad-based [...]

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The lengthening list of downside USD/CAD risks includes Canada’s sharply improved terms of trade (ratio of exports to import prices). M&A inflows might provide the spark for a move lower.
Canada’s energy future, be it oil or natural gas, is decidedly unconventional. The economics of unconventional resources depend crucially on persistently high prices.

Portfolio Inflows Belie Stability [...]

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