Analysts at Nomura explained that this week’s BOC meeting saw CAD rally after the Bank of Canada removed “cautious” from the monetary policy statement. Key Quotes: “This week’s BOC meeting saw CAD rally after the Bank of Canada removed “cautious” suggesting a slightly less data-dependent approach to policy normalisation and tipping the market towards a July hike. This should lead the market to price in a July hike with more conviction. Further, clarification of the reasoning behind the change will likely come from BOC officials ahead of the July meeting, which could provide further hawkish surprises. Tactically, we see opportunities for CAD longs against other commodity currencies into the July BOC meeting.” 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 European equities fell, US allowed the waiver on metals tariffs to expire for most importers – Westpac FX Street 5 years Analysts at Nomura explained that this week's BOC meeting saw CAD rally after the Bank of Canada removed "cautious" from the monetary policy statement. Key Quotes: "This week's BOC meeting saw CAD rally after the Bank of Canada removed "cautious" suggesting a slightly less data-dependent approach to policy normalisation and tipping the market towards a July hike. This should lead the market to price in a July hike with more conviction. Further, clarification of the reasoning behind the change will likely come from BOC officials ahead of the July meeting, which could provide further hawkish surprises. Tactically, we see opportunities… 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.
