One-month risk reversal on USD/CAD, a measure of the spread between call and put prices, prints the strongest weekly reading since late March, according to data source Reuters. With the premium on the calls rising beyond the puts, bulls are likely returning to the fore. However, today’s Bank of Canada (BOC) monetary policy meeting becomes the key. Read: Bank of Canada Preview: Dovish surprise to lift USD/CAD The mood in the options markets could have taken clues from the Canadian budget and covid fears. That said, the US order to keep border controls with Canada and workplace activity restrictions are some additional positives for the USD/CAD prices. At press time ahead of Wednesday’s European session, USD/CAD consolidates the previous day’s heavy gains, the biggest in five weeks, while taking rounds to 1.2600. Read: USD/CAD Price Analysis: Snaps two-day uptrend ahead of BOC 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 US Dollar Index clings to gains above 91.00 FX Street 2 years One-month risk reversal on USD/CAD, a measure of the spread between call and put prices, prints the strongest weekly reading since late March, according to data source Reuters. With the premium on the calls rising beyond the puts, bulls are likely returning to the fore. However, today's Bank of Canada (BOC) monetary policy meeting becomes the key. Read: Bank of Canada Preview: Dovish surprise to lift USD/CAD The mood in the options markets could have taken clues from the Canadian budget and covid fears. That said, the US order to keep border controls with Canada and workplace activity restrictions… 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.
