CAD

Impending recession risk to weigh on CAD; buy USD/CAD - BofA

• Trade idea from Bank of America

Canada May retail sales +2.2% vs +1.6% expected

• Canadian retail sales for May 2022 and the advance report for June

USDCAD holds against its 100 hour MA and old swing floor. Moves lower

• Resistance level come in near 1.2933

Canada new housing price index 0.2% vs. 0.3% expected

• Canada new housing price index for June 2022

More on BOC Macklem - inflation will probably remain above 7% for the rest of 2022

Canada June CPI +8.1% y/y +% vs +8.4% y/y expected

• Canadian June 2022 consumer price index

Preview - Canadian inflation data is due on Wednesday, 20 July 2022

CAD/JPY threatens a breakout after six weeks of consolidation

• CAD/JPY sits just below the June high

VIDEO: USDCAD moves down to retest the low from yesterday and a swing area

• Key support area tested down to 1.2893, but the break of 1.2932 is key for the sellers now

Goldman Sachs targetting NZD/CAD towards 0.7850

USDCAD tests recent swing lows and is finding support once again

• Swing low floor comes in at 1.29353

Canadian dollar perks up with oil back near $100

• Biden's trip to the Middle East didn't deliver any new oil, at least not yet

Canadian June housing starts 273.8K vs 265.0K expected

• Canadian housing starts data from the CMHC

USDCAD dips to a new session low

• Tests the 100/200 hour MAs

Canadian housing activity continues to slow. Sales down 23.9% y/y in June

• New data from the Canadian Real Estate Association (CREA)