USD/CAD might proceed to exhibit a bearish conduct because it extends the collection of decrease highs & lows from earlier this month. SOURCE: DailyFX – Forex Market News – Read whole story here.
Everything is arising roses for the Canadian greenback and that spelled doom for USDCAD bulls with the pair plunging by 2.eight% after a shock Canadian rate of interest improve.SOURCE: Macro feed – Read complete story here. Related posts: No associated posts.
Talking Points: – Today brings a Bank of Canada price choice with a really professional probability of one other hike after the BoC’s transfer in July, which was their first price hike in seven years. Our own David Song previewed the event earlier this morning. – CAD-strength has been raging since May, with USD/CAD down […]
The Canadian greenback rose on Thursday after the financial system stunned to the upside with a four.5 % GDP progress within the second quarter being expectations of a three.7 % improve. This makes Canada the perfect performing nation within the G7 and has put a price hike earlier than the top of the yr firmly […]
What will occur to the USD as different central banks start normalization? Click here to see our latest forecasts and discover out what trades are creating in this new setting! Talking Points: USD/CAD technical technique: USD/CAD halts close to 61.eight% retracement, wanting decrease Strong GDP encourages markets to observe for September BoC Hike IGCS Highlight: […]
What’s inside: USDCAD one-week implied volatility at 7%, tasks 1 STDEV vary of 12446-12690 Top-side appears unlikely to be exceeded with development favoring extra promoting Confluence of projected low and July low; danger highest for IV to rise on a breakdown Looking for a longer-term view on USDCAD? Check out our Q3 Forecast. In the […]
Headlines popping out of the Fed Economic Symposium might push USD/CAD again in the direction of the August-low amid slender bets for an additional 2017 rate-hike. SOURCE: DailyFX – Forex Market News – Read whole story here.
The US greenback rallied towards the majors after July US nonfarm payrolls beat expectations however the transfer seems extra like an overdue correction in a skinny summer time market than a actual trend change. SOURCE: Commodities feed – Read complete story here.
What’s inside: USDCAD amid strongest decline since early final yr 2012 to present trend-line not far under, in alignment with projected one-week low Top-side range-high not in alignment with resistance; might be exceeded on a bounce Looking for a longer-term view on USDCAD? Check out our Q3 Forecast. In the next desk, we’ve listed implied […]
What will occur to the USD as different central banks start normalization? Click here to see our latest forecastsand discover out what trades are creating on this new surroundings! Key Takeaways: USD/CAD technical technique: brief with trailing cease moved to 1.2701, not holding above USD/CAD has tagged the two.618% Fib extension (1.24925) on one other […]