Trading the News: Canada Consumer Price Index (CPI) Another uptick in Canada’s Consumer Price Index (CPI) may rattle the near-term rebound in USD/CAD as it puts pressure on the Bank of Canada (BoC) to deliver another rate-hike over the coming months. The BoC may continue to implement higher borrowing-costs as ‘the level of GDP is now higher than the Bank had expected,’ and Governor Stephen Poloz and Co. may prepare Canadian ...
ECB, BoC, China, Risk Off, USD Decouple "Further tightening of global financial conditions seems therefore inevitable, leaving risk-correlated and commodity currencies vulnerable while supporting safe haven currencies like JPY and EUR.""The GBP decoupling trade has imploded under the weight of Brexit fears and concerns about the USD decoupling trade are starting to mount.""We remain cautious on risk-correlated currencies and think ...
2015-05-27 15:00 GMT (or 17:00 MQ MT5 time) | [CAD - Overnight Rate] past data is 0.75%forecast data is 0.75%actual data is 0.75% according to the latest press release if actual > forecast (or previous data) = good for currency (for CAD in our case) [CAD - Overnight Rate] = Interest rate at which major financial institutions borrow and lend overnight funds between themselves. Short term interest rates are the paramount ...
Dollar Traders Look Ahead to a Return of Liquidity and NFPs Relative performance versus weakened cross currencies and a stable economic footing are unlikely to drive EURUSD below 1.3000 or GBPUSD through 1.6500. The next leg will be decided between Fed rate forecasts and the level of volatility in the markets. As it happens, ...
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