Canadian Dollar receding on Wednesday as market sentiment sours, US Treasury yields climb once more

The Canadian Dollar is falling back into familiar lows on Wednesday as investors pull up stakes. Canada Housing Starts came in better than expected, but risk-off flows are dominating. Thin calendar docket for the CAD until Friday’s Retail Sales. r and taking the USD/CAD back up the charts.

Despite the sideways primary trend, the intermediate and short-term trends are more bullish suggesting longs have their backs to the wind. This lends a bias to more upside, and if it were not for the major resistance line there would be a green light signaling ‘go’ – as it is it could prove a spoiler.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Why bond-market investors are not panicking about the worst Treasury bear market in history‘Ripping the band-aid off’ this time should be preferable to investors because interest rates are now much higher to act as a margin of safety, says Ben Carlson
Source: MarketWatch - 🏆 3. / 97 Read more »

Bank of America earnings beat Street forecasts, but bond losses jump amid Treasury routBig gains in net interest income powered solid third quarter earnings for Bank of America, but investors are likely to focus on unrealized losses in its bond portfolio and Treasury yields continue to rise.
Source: startelegram - 🏆 248. / 63 Read more »