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BOC Drops its Hawkish Bias, USD/CAD Breaks Above 1.3500

April 24, 2019 11:20 AM
To the surprise of no informed market participant, the Bank of Canada left interest rates unchanged at 1.75% in today’s monetary policy meeting. A pre-meeting Bloomberg poll of 24 economists showed this result was unanimously expected, so the “decision” itself didn’t lead to any meaningful market moves...

BOC Preview: Will Poloz and Company Shift into Neutral This Month…Or Next?

March 5, 2019 5:28 PM
The Bank of Canada will deliver its interest rate “decision” and monetary policy statement in tomorrow morning’s US session. According to futures markets, traders are not expecting any changes to monetary policy tomorrow and only a 16% chance of a rate hike by the BOC’s July meeting.

9 Reasons USD/CAD is Today’s Strongest Currency Pair

March 1, 2019 1:40 PM
Bullish developments abound today for USD/CAD, explaining why the pair is the day’s strongest major cross. There are at least nine major developments supporting today’s surge...

USD/CAD: Uptrend Intact as Bulls Eye 17-Month Highs Near 1.3400

November 27, 2018 3:23 PM
Over the weekend, we officially crossed the threshold into the final 10% of the year…but it sure feels like much more than 10% of the year’s high impact economic events are still ahead of us! Within the next week and a half alone, we have a highly-anticipated speech from Fed Chair Powell ahead of the central bank’s December meeting, the much-ballyho...

USD/CAD Uptrend Intact at the Start of a Potentially Quiet Holiday Week

November 19, 2018 12:02 PM
It’s a day of dispersion in the global FX market, with European currencies rising against the greenback and commodity dollars losing ground versus the world’s reserve currency.