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Canadian inflation remains elevated. However, USD/CAD unfazed

Inflation in Canada is still high despite the Bank of Canada “only” hiking 50bps at its last meeting, rather than the 75bps that the markets expected

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November 19, 2022 04:12 PM
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Two trades to watch: EUR/GBP, USD/CAD

EURGBP rises after UK inflation jumps to a 41 year high. USD/CAD tests 100 DMA ahead of Canadian CPI & US retail sales.

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November 16, 2022 09:21 AM

Canadian Jobs report blew away estimates

The strong Employment Change out of Canada in October may give the BOC a bit more confidence to raise rates in December. However, the meeting is a long way off.

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Q3 GDP shows the US is out of a technical recession, does it matter?

Today’s US data did little to help traders change their minds regarding the possibility of a 75bps hike at next week’s FOMC meeting.

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October 27, 2022 06:04 PM

Q3 GDP shows the US is out of a technical recession, does it matter?

Today’s US data did little to help traders change their minds regarding the possibility of a 75bps hike at next week’s FOMC meeting.

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October 27, 2022 06:04 PM

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.

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October 26, 2022 07:35 PM

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.

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October 26, 2022 07:35 PM

Two trades to watch: USD/CAD, Gold

USD/CAD falls ahead of the BoC rate decision. Gold rises on Fed dovish pivot hopes.

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October 26, 2022 09:19 AM

Two trades to watch: USD/CAD, Gold

USD/CAD falls ahead of the BoC rate decision. Gold rises on Fed dovish pivot hopes.

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October 26, 2022 09:19 AM

Bank of Canada Preview: Will the BOC hike rates by 75bps?

The key will be to watch the statement and guidance and try to determine if the Bank of Canada is ready to pivot and begin slowing the pace of rate increases!

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October 24, 2022 10:22 PM

Bank of Canada Preview: Will the BOC hike rates by 75bps?

The key will be to watch the statement and guidance and try to determine if the Bank of Canada is ready to pivot and begin slowing the pace of rate increases!

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October 24, 2022 10:22 PM
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Two trades to watch: GBP/USD, USD/CAD

GBP/USD falls after as retail sales fall & as political turmoil continues. USD/CAD rises ahead of Canadian retail sales.

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October 21, 2022 09:23 AM
Finger pointing on market chart data

Two trades to watch: GBP/USD, USD/CAD

GBP/USD falls after as retail sales fall & as political turmoil continues. USD/CAD rises ahead of Canadian retail sales.

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October 21, 2022 09:23 AM
Currency prices

USD/CAD reaches highest level since May 2020!

Will USD/CAD take out the immediate resistance and continue higher? Not only will it depend on how hawkish the BOC remains, but it also may depend on what the DXY does!

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October 11, 2022 04:27 PM
Currency prices

USD/CAD reaches highest level since May 2020!

Will USD/CAD take out the immediate resistance and continue higher? Not only will it depend on how hawkish the BOC remains, but it also may depend on what the DXY does!

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October 11, 2022 04:27 PM

Two trades to watch: DAX, USD/CAD

DAX falls as mood sours ahead of German inflation data. USD/CAD rises ahead of US, Cad GDP data.

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September 29, 2022 09:21 AM
Market chart

Two trades to watch: FTSE, USD/CAD

FTSE rises ahead of the mini-budget. USD/CAD rises above 1.35 ahead of CAD retail sales & US PMI data.

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September 23, 2022 09:21 AM

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Germany flag

Two trades to watch: DAX, USD/CAD

Dax rises despite record PPI. USD/CAD edges higher ahead of Canadian inflation.

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September 20, 2022 09:14 AM
Currency prices

Is USD/CAD ready to pull back?

With significant resistance above, the chance of stronger than expected inflation data, and the possibility of a “less hawkish than expected” Fed, it Is possible that the pair will move lower.

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September 19, 2022 09:15 PM

Canadian Employment data disappoints. Is the BOC to blame?

The Canadian Employment Change for August was -39,700 bringing the 3-month total to -113,500.

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September 9, 2022 05:27 PM

Two trades to watch: DAX, USD/CAD

DAX rises with eyes on the energy crisis meeting. USD/CAD falls to 1.30 with jobs data in focus.

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September 9, 2022 09:53 AM

BOC hikes rates by 75bps, more to come!

How much higher will the BOC raise rates? It will depend on the effects of tighter monetary policy as it works its way through the economy.

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September 7, 2022 05:36 PM
Currency prices

Bank of Canada Preview: Will it be 75bps or 100bps?

Will the Bank of Canada raise rates by 75bps? Most likely. With the economic data worse since the last meeting, BOC members may not wish to be as aggressive.

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September 6, 2022 10:00 PM