Analysts at TD Securities suggest that we are entering the window where CAD will become more topical with upcoming top-tier data releases and this may sway BoC odds for September but they lean against this narrative. Key Quotes “Instead we think too much optimism is placed further out the curve and our rates team has suggested BAU8/M9 flatteners.” “The GDP data later this month will be key, but we note that it falls in the BOC’s blackout window with its rate decision on September 4th, leaving limited time between now and Poloz’s appearance at Jackson Hole to telegraph an earlier shift than our October hike expectation. With optimism running high in the CAD, we see appreciable position realignment risks.” “In line with this, CAD crosses are beginning to look appealing with EURCAD an interesting candidate to make a topside tactical push towards trend resistance located near 1.52, as conditions in EUR appear deeply oversold.” 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 Ripple Technical Analysis: XRP/USD sending out some big bullish signs, hammer spotted and now long wick set to be filled with some further upside FX Street 5 years Analysts at TD Securities suggest that we are entering the window where CAD will become more topical with upcoming top-tier data releases and this may sway BoC odds for September but they lean against this narrative. Key Quotes "Instead we think too much optimism is placed further out the curve and our rates team has suggested BAU8/M9 flatteners." "The GDP data later this month will be key, but we note that it falls in the BOC's blackout window with its rate decision on September 4th, leaving limited time between now and Poloz's appearance at Jackson Hole to telegraph an earlier… Regulated 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.
