10 Aug 2015
USD/CAD within range near term – TDS
FXStreet (Edinburgh) - Strategist at TD Securities see the pair keeping the recent trading range ahead in the week.
Key Quotes
“There is not a whole lot going on USDCAD in the overnight session and we do not expect today be very active, if, much at all”.
“The 1.31/32 region looks to be the near-term consolidation range established through last week, and despite a brief collapse to 1.3049 on Friday following the payrolls volatility, we think the range will hold”.
“There are not many event risks this week with housing starts and manufacturing sales the major economic releases in Canada”.
“In the US, retail sales and industrial production on Thursday and Friday respectively will be the focal data releases. So, all in all, there is not much of a catalyst for USDCAD to breach the range noted above”.
Key Quotes
“There is not a whole lot going on USDCAD in the overnight session and we do not expect today be very active, if, much at all”.
“The 1.31/32 region looks to be the near-term consolidation range established through last week, and despite a brief collapse to 1.3049 on Friday following the payrolls volatility, we think the range will hold”.
“There are not many event risks this week with housing starts and manufacturing sales the major economic releases in Canada”.
“In the US, retail sales and industrial production on Thursday and Friday respectively will be the focal data releases. So, all in all, there is not much of a catalyst for USDCAD to breach the range noted above”.