EUR/CAD

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European Open: The BOJ increased bond purchases, BOC meeting in focus

The BOJ aggressively purchased bonds at the long end of the curve and sent the 30-year yield markedly lower, although the move did not spill over the yen pairs.

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October 26, 2022 06:30 AM
Research

European Open: The BOJ increased bond purchases, BOC meeting in focus

The BOJ aggressively purchased bonds at the long end of the curve and sent the 30-year yield markedly lower, although the move did not spill over the yen pairs.

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October 26, 2022 06:30 AM

Canadian CPI lower than expected. Are the BOC rate hikes working?

CPI for August out of Canada was lower than expected. As a result, EUR/CAD is trading higher on the day.

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September 20, 2022 03:36 PM

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Research

Yes, inflation may have peak but it “remains far too high”

Sometimes the obvious needs to be said. And that is exactly what the BOC’s deputy governor said in his op-ed by stating inflation “remains far too high”.

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Early signs of (dis)inflation continue to appear

Whilst inflation has been hard to ignore, we are now seeing signs that the cooling of inflationary forces are finally showing up in some consumer prices.

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European Open: Singapore’s CB tightens policy, ECB unlikely to follow suit

The Singapore dollar made the baulk of currency moves overnight as the MAS tightened policy. We don’t expect the same level of excitement from the ECB.

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European Open: RBNZ down, BOC (and UK inflation) up next

We’ve had one 50 bps hike already today from the RBNZ, and now we get to find out of the BOC will follow suit. But first up is UK inflation data.

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April 13, 2022 06:46 AM
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European Open: RBNZ down, BOC (and UK inflation) up next

We’ve had one 50 bps hike already today from the RBNZ, and now we get to find out of the BOC will follow suit. But first up is UK inflation data.

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April 13, 2022 06:46 AM

European Open: Triangle breakout in play on EUR/CAD

Prices broke out of a symmetrical triangle on Friday, a pattern which projects a target around 1.3550 if successful.

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March 21, 2022 05:14 AM
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European Open: Futures pull back ahead of Biden - Xi Jinping call

The White House has confirmed the two leaders will speak at 13:00 GMT, and futures markets have pulled slightly ahead of the open.

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March 18, 2022 05:22 AM

European Open: Oil hits an 8-year high ahead of OPEC meeting

The significance of OPEC’s meeting has diminished somewhat with Russia stealing headlines, and four key members intending to stick to raising output by 400k bpd.

Bank of Canada preview: Is the BOC ready to hike rates?

At its last meeting in December, the BOC said it doesn't see a rate hike until mid-2022. However, some seem to think it will hike at this meeting!

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January 24, 2022 09:56 PM

Bank of Canada ends Quantitative Easing Program

The Bank of Canada surprised markets today by reducing its bond purchase program from $C2 billion per week to C$0

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October 27, 2021 04:56 PM

EUR/CAD poised for a rally?

Despite the data out just a few moments ago that Canadian manufacturing sales rebounded by a good 1.0% (vs. 0.4% expected), the medium-term lower highs and the lack of a clear short-term trend, we think this FX pair is looking bullish

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March 15, 2019 08:26 AM

BOC rate hike looms but how will CAD react?

The Bank of Canada is due to increase interest rates to 1.75% at the conclusion of its meeting today. This will be an easy decision thanks to an improving economy and the fact that Canada finally secured a trade deal (USMCA) with its two southern neighbours.

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October 24, 2018 08:30 AM

EUR/CAD breaks out ahead of Canada jobs, G7 and ECB meetings

The single currency has performed particularly well against the Canadian dollar, which has been undermined by continued uncertainty over NAFTA negotiations and recent volatility in oil prices.

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June 7, 2018 01:24 PM

EUR/CAD could extend drop with Canadian data in focus

Today is fairly light on the data front. The only notable exception will be Canadian inflation and retail sales figures, which will be released later at 13:30 BST (08:30 EDT).

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May 18, 2018 07:09 AM

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Chart to watch: EUR/CAD

The CAD’s drop was more pronounced against the euro, with the latter managing to catch a bid earlier today. Consequently, the EUR/CAD managed to hold its own above the 200-day moving average and long-term trend line around the 1.5200 area for the second consecutive day.

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May 11, 2018 12:36 PM

EUR/CAD in focus amid ECB, US tariff plans and Canadian jobs data

After the ECB’s dovish press conference the euro fell across the board, even against the Canadian dollar.

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March 8, 2018 12:53 PM

EUR/CAD: Eurozone CPI confirmed at 1.3% but how will Canada fare?

While the Bank of Canada has moved ahead of the European Central Bank in raising interest rates first, this hasn’t stopped the EUR/CAD from rising...

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February 23, 2018 06:57 AM

EUR/CAD could be in for a sizable move as it tests key level

The EUR/CAD is an interesting FX pair to watch as it is currently testing a key technical area in the 100-pip range between 1.4735 and 1.4835

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January 9, 2018 01:15 PM

China imports rise boosts commodities while ECB QE report hits euro

The euro has eased off across the board on a Bloomberg report that the European Central Bank may reduce its bond purchases to €30 billion per month from January and simultaneously extend the duration of the QE programme by another nine months to at least September 2018.

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October 13, 2017 08:48 AM

Euro rally takes a breather as focus turns to Canadian CPI

While the euro surged against the dollar, its gains were relatively mild against other stronger major currencies. One such currency is the Canadian dollar, which has been on a tear ever since the Bank of Canada first turned hawkish before raising interest rates. The Canadian dollar will be in focus again today due to the release of Canadian inflation and retail sales data.

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July 21, 2017 08:54 AM