TAG: BOC
Week Ahead: EURCAD ready to breakout?
Big week for minor currency pair BoC + ECB rate decisions in focus EURCAD trapped within 300 pip range Prices gaining bullish momentum on D1 Bloomberg model: 76% chance EURCAD – (1.45454 – 1.48439) Key central bank decisions, speeches from policymake...
6 months ago
Loonie Testing Key Support Ahead of CAD Inflation
USD Sinks on Fed Easing ExpectationsDollar weakness is the main theme of markets this week. With US inflation seen falling last week for a fourth consecutive month, Fed easing expectations have moved firmly higher with traders now pricing in at least .75%...
1 month ago
USDCAD: Tests resistance ahead of BoC decision
USDCAD ended August ↓ 2.3% BoC decision + US jobs report = volatility? Traders fully priced in 25 bp cut by BoC this week Bloomberg FX model: 74% - (1.3400 – 1.3675) Key technical levels - 1.3550 & 1.3600 After tumbling over 2% in August, the USDCAD...
1 month ago
CAD Drops Ahead of Expected BOC Rate Cut Today
Fresh BOC Rate Cut ExpectedThe Canadian Dollar is back in focus today as BOC meets for its September rate-setting meeting. The BOC is widely expected to press ahead with a further .25% rate cut, taking headline rates down to 4.25% from 4.5% in line with p...
1 month ago
USDCAD Testing Key Level Ahead of CAD CPI
CAD CPI Up NextTraders will be keeping a close eye on Canadian CPI today on the back of recent easing from the BOC. The bank has now cut three times in this cycle, after being the first to cut rates earlier this year. With the bank recently reaffirming it...
4 weeks ago