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USD/CAD hits resistance ahead of BOC, US PMIs: European open – 06/09/2023
The Bank of Canada (BOC) are expected to hold rates at today’s meeting, given GDP unexpectedly contracted in Q2. Still, implied volatility has spiked higher for USD/CAD. Perhaps the BOC pause will not be as dovish as expected, Fed members tout a hold or the rise of bond yields (and therefore the US dollar) lose steam. If so, USD/CAD may be better for short bets beneath the April highs.
USD/CAD outlook: Currency pair of the week
The USD/CAD outlook is subject to a major revision this week with investors looking forward to the release of US CPI and a rate decision from the Bank of Canada.
AUD/USD, AUD/CAD Analysis: Hawkish BOC hike concerns doves
The Bank of Canada’s (BOC) hawkish hike weighed on sentiment as it rekindled some concerns that central banks are not as close to their terminal rates as originally thought.
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Canadian dollar analysis: BOC surprises with a hike, USD/CAD falls to trendline support
USD/CAD is falling to test a key trend line after the BOC surprised markets with a 25bps interest rate increase
USD/CAD Forecast: BoC Interest Rate Decision Takes Spotlight
The Bank of Canada (BoC) interest rate decision may prop up USD/CAD as the central bank is anticipated to keep the benchmark interest rate on hold.
Canadian dollar analysis: USD/CAD chops at 1.35, BOC pause to end?
With USD/CAD trading near the middle of this week’s range around 1.3500, short-term traders could consider quick trades within the symmetrical triangle pattern...
Canadian dollar analysis: USD/CAD probing key support near 1.33
USD/CAD is probing its lowest level in months in the mid-1.3300s - will it break down?
USD/CAD forecast: Canadian dollar vulnerable to wait-and-see BoC
The Bank of Canada (BoC) interest rate decision may do little to curb the recent advance in USD/CAD as the central bank is expected to sit on the sidelines.
USD/CAD faces Canada CPI ahead of Fed rate decision
The update to Canada’s Consumer Price Index (CPI) may prop up USD/CAD as the report is anticipated to show a further slowdown in inflation.
Bank of Canada preview: At interest rates peak?
After a combined 425 basis points worth of hikes, the BOC has already signaled it would pause tightening to let the economy digest impact of previous hikes.
Canada Q4 GDP worse than expected, but January starting on the right foot
The Canadian GDP was much worse than expected, however the GDP Price Deflator was also weak.
Will USD/CAD break key resistance at 1.35 after soft Canadian CPI?
The just-released Consumer Price Index (CPI) in Canada rose 5.9% year-over-year in January...what does that mean for USD/CAD?
BOC Governor Macklem sticks to the script, USD/CAD consolidates
The bank's latest forecast shows the annual rate of inflation slowing to around 3% by the middle of 2023, and reaching 2.5% by the fourth quarter.
Bank of Canada hikes rates by 25bps, but signals a pause ahead
Will USD/CAD continue its recent trend lower despite a dovish BoC?
CAD/JPY pair to watch heading into BoC decision
A 25-basis-point hike is expected
Two trades to watch: USD/CAD, EUR/GBP
USD/CAD falls ahead of the BoC rate decision. EUR/GBP rises ahead of German IFO business climate data.
Market pricing and economists favour a 25bp hike from the BOC tomorrow
Market pricing and the consensus among economists firmly points towards a 25bp hike from the BOC tomorrow.
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Bank of Canada hikes rates by 50bps. More to come?
The Bank of Canada hiked rates 50bps today. However, with the expectation of slowing growth, will the BOC hike again in January?
Canadian Q3 GDP surprises to upside but the Canadian Dollar moves lower
USD/CAD made a large move higher today, though it doesn’t seem like it was based on fundamentals.
BOC surprises markets and only hikes 50bps
The Bank of Canada has raised rates by 50bps vs an expectation of 75bps. In doing so, the central bank said that more rate hikes are yet to come.
BOC surprises markets and only hikes 50bps
The Bank of Canada has raised rates by 50bps vs an expectation of 75bps. In doing so, the central bank said that more rate hikes are yet to come.
Two trades to watch: USD/CAD, Gold
USD/CAD falls ahead of the BoC rate decision. Gold rises on Fed dovish pivot hopes.
Two trades to watch: USD/CAD, Gold
USD/CAD falls ahead of the BoC rate decision. Gold rises on Fed dovish pivot hopes.