USD/CAD at the highest since early May

FXStreet (Bali) - USD/CAD is trading at its highest since early May, currently at 1.0973, after being capped by 1.0981 last Friday, following poor Canadian jobs data.

According to Peter Fell, Analyst at FXBeat: "Sell orders parked between 1.0985/00, thought to be protection ahead of the barrier interest at 1.1000, stops lie in wait above 1.1010."

Peter also takes note of "small option expiry's today @ 1.0970 (400 mln), corporate demand cited between 1.0900/15, while initial target remains 1.1028, 61.8% fibo on the 1.0621/1.1279 drop."

Aug 11, 2014

The week ahead will get busier with key events – Rabobank

Analysts at Rabobank explained that it’s a quiet start to the week with the highlight being the Fed’s Fischer (Stanley not Richard) talking on the US economy in Stockholm (i.e., the US economic outlook while Fischer is in Stockholm, not the vibrancy of the local chamber of commerce).

AUD/NZD licking it’s wounds below 1.10 handle

AUD/NZD is trading at 1.0957, down -0.02% on the day, having posted a daily high at 1.0968 and low at 1.0941.