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EUR/USD in the hands of ECB, Powell Testimony, ISM services: The Week Ahead

EUR/USD is on track for its smallest weekly range since September 2021, although 1-week implied volatility levels that we could see more action next week.

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March 1, 2024 04:38 AM
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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.

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September 6, 2023 06:25 AM
Forex trading

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.

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Research

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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June 8, 2023 04:14 AM
Research

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

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June 7, 2023 03:24 PM
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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?

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.

Currency prices

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.

February 28, 2023 03:05 PM
Research

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?

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February 21, 2023 02:21 PM
Research

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.

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February 7, 2023 08:00 PM

Bank of Canada hikes rates by 25bps, but signals a pause ahead

Will USD/CAD continue its recent trend lower despite a dovish BoC?

January 25, 2023 04:48 PM

CAD/JPY pair to watch heading into BoC decision

A 25-basis-point hike is expected

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January 25, 2023 12:41 PM

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.

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January 25, 2023 07:59 AM
Research

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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January 24, 2023 12:11 AM

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?

December 7, 2022 04:49 PM

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.

November 29, 2022 04:04 PM

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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.

October 26, 2022 06:35 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.

October 26, 2022 06:35 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 08:19 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 08:19 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
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