Post Tagged with: "BOC"
Canadian Dollar Strength Worries the BOC
The Bank of Canada left the interest rate unchanged at 1% as expected. In the accompanying statement, the BOC warned that while economic conditions haven’t changed materially, risks have risen, due to European debt issues and the strength of the Canadian dollar. USD/CAD rose as a first reaction but dropped afterwards
Bank of Canada lowers expectations – USD/CAD rises
The Bank of Canada did it again – the rates were raised by 0.25% to 0.75%. There was a consensus for this move. What wasn’t expected was a weaker forecast for the Canadian economy. So, the decision hurts the Canadian dollar. USD/CAD now trades at 1.5560, about 40 pips higher than before the release. Will
USD/CAD Rises on Tame Canadian Inflation
Canada’s Consumer Price Index (CPI) rose by 0.3%, slightly stronger than 0.1% that was expected. But Core CPI, which is more closely watched by the central bank, met expectations and rose by 0.3%. USD/CAD makes a small rise and gets away from the support line. After a jump of 0.7% in Core CPI in February,
Canadian Dollar Jumps – Road to Rate Hike Open
The Bank of Canada didn’t move the rates, but removed the comment regarding no rate hike till the end of Q2. A rate hike in the next meeting looks very probable. USD/CAD is below parity once again. Update on this strong currency. While Mark Carney’s BOC left the main interest rate, the Overnight Rate, unchanged,
Forex Daily Outlook – March 29th 2010
The new week starts with American Personal Spending among other figures from all over the world. Will EUR/USD resume the downtrend? Let’s see what will move the markets today
Forex Daily Outlook – March 24th 2010
A busy day expects forex traders. The British budget release, American new durable goods orders and new home sales, New Zealand’s GDP and lots of European figures will rock the markets today. Let’s see what’s awaiting us: Flash purchasing managers’ indices pour in during the European morning. France starts with its manufacturing and services figures.
Forex Daily Outlook – March 2nd 2010
The week began with a strong start, especially for the British Pound, which was knocked down. Today, more important events are awaiting us with rate decisions in Australia and Canada being in the limelight. Let’s see what’s up for today. Australian action starts the day: Retail Sales made a nice leap last month, rising by
Forex Daily Outlook – February 22nd 2010
There’s a busy week ahead, but Monday’s calendar is quite light. Here’s an outlook for the few events and the factors that will impact trading. Ben Bernanke shocked the financial markets near the end of last week with a hike of the interbank discount rate. While Federal Reserve officials downplayed this move and announced it
Forex Daily Outlook – February 4th 2010
Very busy day ahead: rate decisions in Britain and Europe are the highlights in a crowded calendar, one day before the Non-Farm Payrolls. Things are shaky in the forex market. The dollar weakened during the week but then erased the losses after the ADP Non-Farm Payrolls was good. The major pair, EUR/USD is currently holding
Forex Daily Outlook – January 19th 2010
After a holiday in the US, the market return to full gear with a busy day. We have American TIC Long-Term Purchases, a rate decision in Canada, and major events in Britain and Europe. Let’s see what’s up for this long day. Prices in Britain have been picking up, and this could strengthen the Pound