USDCAD slips and yields down, ahead of Poloz Speech

2018-11-05 22:14    HotForex
USDCAD slips and yields down, ahead of Poloz Speech Institution Opinions

USDCAD, H1

10-year GoC yields are down -1.3 bp at 2.518%, the 2-year yield is down -0.4 bp at 2.34%. Like Treasury yields, 10-year GOC rates have come down from the highs seen in the wake of robust US data on Friday, but the 10-year is holding above the 2.5% mark in Canada, above the 3.2% rate in the US and in Europe Bund and Gilt yields are up 0.7 bp and 2.7 bp respectively, while the 10-year JGB closed up 0.4 bp at 0.118%. Stock markets struggled with rising yields and fading hopes of a U.S.-China trade deal during the Asian session, but stabilised in Europe on fresh Brexit hopes. North American equity futures are moving higher in tandem.

Meanwhile, with USOil trading to lows of $63.50 pressure on the Loonie remains. However, USDCAD traded sideways today and has immediate Support at 1.3095/90 and then S1 at 1.3060. Immediate Resistance sits at the Fractal Highs and Upper Bollinger band at 1.3115 and  R1 at 1.3131.

Stuart Cowell

Head Market Analyst

HotForex

Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

CAD

0 traders reviewed this item, please leave a reply!

About FXYEAH | Broker Listing | Contribute | Contact Us | Sitemap | TagCloud
Disclaimer: All contents of site are only for your reference, don't suggest you do any investment decision, you should be responsible for your decision.