CAD pairs in focus again as data and options cast a shadow

Author: Mike Paterson | Category: News

Lively times for the loonie in recent sessions 1 Dec

After some USDCAD option-related shoves yesterday we have more interest/support today at 1.2850 and Canadian GDP/employment data to throw into the fragile mix.

As per the updated option expiry board there is USD 780m interest which so far seems to have provided support and we've seen a rally above 1.2880 despite oil prices firming.
                                                        USDCAD 15m
Here's the data expectations on which Adam posted his local knowledge thoughts yesterday here
Standby for some fun and games. Hopefully making our CAD traders a few pips.
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