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Views on US Dollar/Canadian Dollar
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  • 10h
    Dan Murray Dan Murray
    I agree Micheal. I think CAD will be supported mainly because of the quite noticeable increase in the BOC's inflation forecasts that came out last week...
    4h
    Michael O'Neill Michael O'Neill
    Good Day, Dan. The trend in GBPCAD is still up while trading above 1.8480. I still like the idea but I think there will be...
  • Squawk / Yesterday at 5:03 GMT
    Dan Murray Dan Murray
    -
    United States
    I've been looking for chances to short USDCAD this week mainly because of the quite noticeable increase in the BOC's inflation forecasts (that came out last week). Also, the ever so slightly higher than expected inflation that came out last week doesn't sure doesn't hurt the CAD.
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    12h
    Dan Murray Dan Murray
    Just went short USDCAD at 1.1030 for the short-term. It's a small position for now.
  • Squawk / Yesterday at 1:10 GMT
    Michael O'Neill Michael O'Neill
    FX Consultant / IFXA Ltd
    Canada
    USDCAD Range Good Friday to Monday close in Toronto 1.0999-1.1031.

    Those who took a 4 day weekend did not miss anything and even though there were skeleton staffs on desks in Toronto and New York, it was like watching snow melt. It should be an interesting week with Canadian Finance Minister speaking in Halifax. It is interesting only because Halifax is where the BoC governor attempted to talk down the loonie by referring to cutting rates.

    The intraday USDCAD technicals are bearish with the move below the up trend line from April 7 at 1.1010, supported the failure to extend gains above 1.1030.. A move below 1.0990 opens up a test of 1.0950 while a bounce from this level would see another test of 1.1030.

    Range until Toronto 1.0990-1.1020
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  • 6d
    Michael O'Neill Michael O'Neill
    I agree with you. Do you think Poloz is deliberately sending mixed messages to prevent a loonie rise?
    6d
    Jim Earls Jim Earls
    Seems to be the game of all over the place right now-talk down your currency-hope for the best.
    5d
    As Kurniawan As Kurniawan
    ok masta thank you
  • Squawk / Thursday at 8:19 GMT
    Dan Larsen Dan Larsen
    FX Options Dealer / Saxo Bank
    Denmark
    FX Options: The FX Options market has really entered easter mode and frontend vols are in free fall at the moment. The only ccy pair where the vols are close to unchanged is USDCAD where we have CPI numbers out later today.
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  • Squawk / Thursday at 0:44 GMT
    Michael O'Neill Michael O'Neill
    FX Consultant / IFXA Ltd
    Canada
    USDCAD Toronto Range 1.0963-1.1034 Toronto close 1.1013. The Bank of Canada statement was deemed to be doveish and currency references in the MPR provided support for the view. Nevertheless, it was not doveish enough for USDCAD resistance in the 1.0440-60 area to be tested> Janet Yellen didn't offer anything new which is partly why the US dollar slipped vs the majors.

    The short term USDCAD technicals are bearish below 1.1040 but facing minor support at 1.0990 which guards stronger support at 1.0970. A move below 1.0970 should lead to 1.0910 while a move above 1.1060 will target 1.1160

    Range until Toronto 1.0990-1.1020
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    6d
    As Kurniawan As Kurniawan
    so where i have to OP buy or sell ,,thanks Masta
    6d
    Michael O'Neill Michael O'Neill
    Intraday: USDCAD is in short term uptrend while trading above 1.0995 with good resistance in the 1.1040-60 area, Currently, I think USDCAD is almost in the middle...