The Canadian Dollar (CAD) is all but does not change the session as the country goes to the polls. The results of the federal election today will begin to trick from 7-7.30et for the Atlantic provinces when the polls are near, then fall out of the Quebec and Ontario-rich vote after 9.30et (when Central Canada also reports), the strategic FX strategic strategic Shaun Osborne.
CAD is trading in the sun
“There are 200 seats for Grabs in these two provinces and their results are likely to provide a strong indication of which the country's vote. The outcome is not likely to move the CAD to the material, thinking of a majority win for either party.”
“The greatest risk is that the result is to deliver a narrow minority government that may lead to a sense that the community of Canada's US in trade has been a bit compromised. Canadian retail sales have become as soft as expected of data increases.
“The daily chart reflects some potential bullish cues for the USD last week-a Bull 'Hammer Signal' Monday and a steady bid for USD off Wednesday. But no clear sign of a pick-up demanded for USD. Daily/Weekly Signals remains Bearish for USD, suggest 1.3950/55 and 1.4025/30.
