DUG6 107.10/107.00/106.90p ladder, bought for 1 in 4k.
FOREX: USDCAD Extends Losses Post BOC, Breaches Key 50-Day EMA
Oct-29 15:15
USDCAD is extending losses in the aftermath of the BoC decision. As a reminder, Bank of Canada Governor Tiff Macklem signaled he's about done lowering interest rates after moving for the second meeting in a row Wednesday, citing evidence inflation is settling around target.
USDCAD is now testing the 1.3900 handle, having breached the key 50-day EMA which intersected at 1.3915. Earlier we highlighted that a clear break of this level would signal scope for a deeper retracement and potentially expose channel support at 1.3840. The bull channel is drawn from the Jul 23 low, and weakness below this point would alter the medium-term bullish theme.
FED: US TSY 17W AUCTION: NON-COMP BIDS $375 MLN FROM $69.000 BLN TOTAL
Oct-29 15:15
US TSY 17W AUCTION: NON-COMP BIDS $375 MLN FROM $69.000 BLN TOTAL