Travellers to Canada from France dropped by 5.4% in April while South Korean visitors rose 11.1%, according to latest StatsCan travel figures. 1.7m US citizens invaded the syrup swiggers (+1.2%), and 842k cold Canadians fled the harsh winter for a trip south (+2.5%). I’m sure none of it had to do with legalised Cannabis factories in Canada.
Those that stay at home are making sure that the forex orders are jotted down and ready to go in the run up to the FOMC.
Offers from corps and real money reside at 1.0870, 1.0875, 1.0880, 1.0900, 1.0910, 1.0920 through to 1.0945
Bids are in at 1.0845 down to 1.0825, 1.0800 (stops) There’s also model fund buy stops at 1.0885, 1.0915, 1.0925 just to add to the rich tapestry.
USD/CAD is very busy going nowhere at the moment. 1.0835 has contained the downside with 1.0880 doing the job on the upside
USD/CAD daily chart 18 06 2014
