CAD

USD/CAD is on the verge of a breakout ahead of Powell and Macklem

• The Bank of Canada decision is tomorrow

USD/CAD Technical Analysis - All Eyes on NFP

• The bullish bias remains intact for USD/CAD.

Canada's PM Trudeau will appoint a special rapporteur to investigate foreign interference

USDCAD rotates back toward the 100 hour MA

• A move below will next target the 200 hour MA

IVEY PMI comes in at 51.6 versus 54.7 last month

• Seasonally adjusted Ivy PMI

Week Ahead: Fed's Powell, US NFP; China Two Sessions, CPI; RBA, BoC, BoJ

• US jobs data and an appearances from Fed Chair Powell are the highlights; central bank decisions from RBA, BoC and BoJ are also eyed.

Economists largely don't see the Bank of Canada shifting from 4.50% this year

• Tiff Macklem will watch and wait

Canada Q4 labour productivity -0.5% vs +0.6% prior

• Canadian labour productivity data

Canada January building permits -4.0% vs +1.5% expected

• Canadian building permits for January 2023

USD/CAD threatens the range bottom as risk trades improve

• USD/CAD now flat on the day

USDCAD back down retesting 100 hour MA

• Buyers have been leaning over the last two days

Canada S&P Global manufacturing PMI 52.4 vs 51.0 prior

• Canadian manufacturing survey

Canadian Q4 2022 GDP 0.0% vs +1.5% expected

• Canadian fourth quarter GDP q/q annualized

USD/CAD Technical Analysis - is 1.40 Handle in Play?

• The triangle got finally broken for USD/CAD.

Canada Q4 current account -10.64B vs -10.90B expected

• Canadian Q4 current account