Analysts at TD Securities explained that the US curve continues its steepening bias from Friday amid rumors the BoJ may tweak policy to make the interest rate backdrop less oppressive for domestic banks. Key Quotes: “This sets up a messaging problem, however, with inflation far from target. Though changes could be made elsewhere (ie. ETFs) we rather think speculation over next week’s meeting is part of a communication strategy to warm markets up for an eventual tweak further in the future.” “News flow surrounding trade policy builds this week on NAFTA and US/EU relations. On the former, we monitor the tone of bilateral discussions; we remain skeptical but any signs of a thawing between US/Mexico relations is not necessarily good news for CAD as “singling out” Canada could lead to a more fractured relationship. Note that no bilateral meeting is scheduled between US/Canada trade reps. As such, USDCAD should continue to find dip buying support.” 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 Wall Street closes mixed, Google reports higher-than-expected Q2 earnings after closing bell FX Street 5 years Analysts at TD Securities explained that the US curve continues its steepening bias from Friday amid rumors the BoJ may tweak policy to make the interest rate backdrop less oppressive for domestic banks. Key Quotes: "This sets up a messaging problem, however, with inflation far from target. Though changes could be made elsewhere (ie. ETFs) we rather think speculation over next week's meeting is part of a communication strategy to warm markets up for an eventual tweak further in the future." "News flow surrounding trade policy builds this week on NAFTA and US/EU relations. On the former, we monitor… 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.
