Analysts at TD Securities explained that the Bank of Canada is widely expected to deliver a 25bp hike. Â Key Quotes: “The Bank should reiterate that hikes will be gradual and guided by incoming data, but we do not expect additional forward guidance. Though GDP and CPI forecasts should be stable, FX focus will be on the Bank’s messaging over prospective risks to the outlook, including trade. Note here the Bank will be incorporating tariffs already announced into its projection.” “We think the good news is already in the CAD price, with risk/reward setting up for an eventual return to the USDCAD YTD highs. We have entered a long position and note daily uptrend support near 1.3050 should be formidable.” “We remain (very) cautiously optimistic on cable ahead of Thursday’s Brexit “white paper”. A daily close below 1.3205 would have us revisit our view, but we think dip buying could be rewarded. A move higher from here could target a test of 1.3472.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next GBP/JPY Technical Analysis: Guppy taking a step back on trade concerns FX Street 4 years Analysts at TD Securities explained that the Bank of Canada is widely expected to deliver a 25bp hike. Â Key Quotes: "The Bank should reiterate that hikes will be gradual and guided by incoming data, but we do not expect additional forward guidance. Though GDP and CPI forecasts should be stable, FX focus will be on the Bank's messaging over prospective risks to the outlook, including trade. Note here the Bank will be incorporating tariffs already announced into its projection." "We think the good news is already in the CAD price, with risk/reward setting up for an eventual return to… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
