CAD

Canada April GDP +0.3% vs +0.3% expected

• Canadian April 2022 monthly GDP

Canada’s biggest air carrier said it will make “meaningful” cancellations to flights

USD/CAD camps out at the bottom of the two-week range as oil prices rebound

• US crude futures settled up $1.95 to $109.57

Canada's Finance Minister Freeland said Canada still has a path to a "soft landing"

USD/CAD turns higher as oil gives back some gains

• USD/CAD bounces 25 pips from the lows

Commodity currencies are technically vulnerable to another flush

• US dollar could make another move

USDCAD moves to test 200 hour MA

• Deputy Gov. of the Bank of Canada Rogers speaking on the economy and specifically inflation after the higher CPI

USDCAD dips back below the 100 hour MA after CPI but rebounds

• inflation higher than expectations in May

Canada May CPI +7.7% vs +7.4% y/y expected

• Canadian May consumer price index

USDCAD stays below 100 hour MA. Bears trying to put a lid on it...

• Work to do by the sellers though

Canada new housing price index for May 0.5% vs. 0.3% last month

• Canada new housing price index for May 2022

Canada April retail sales +0.9% vs +0.8% expected

• Canadian April 2022 retail sales

USDCAD backtracks into support

• ...holding swing area and above 100 hour MA key for short term bias

USDCAD tests May highs. Finds sellers on the first test.

• Price is above the 200 week MA at 1.30312

Teranet Canada May home price index +2.3% m/m vs +2.7% prior

• Canadian house price data from Teranet