Focus on the BoC and Fed policy announcements today
Here’s what you need to know on Wednesday, December 10th. Markets are feeling a bit anxious as they await an important monetary policy announcement from the US Federal Reserve later today, during the North American trading session. The U.S. dollar has taken a breather in its recent upswing against six major currencies, as traders are […]
USD/CAD maintains Friday’s declines near 1.3800 as investors anticipate Fed and BoC policy decisions
During trading in Asia on Monday, the USD/CAD pair remained low, hovering around an 11-week low of 1.3800. The Canadian dollar experienced a marked decline on Friday after the Canadian Labor Market Report for November indicated a significant drop in the unemployment rate, which fell to 6.5% from 6.9% in October, largely due to a […]
Canada’s addition of 67,000 jobs and decrease in unemployment strengthen the argument for the BoC to maintain interest rates
Canada’s October Job Market Surprises Economists Statistics Canada reported on Friday that in October, Canada’s labor market added 66,600 jobs, while the unemployment rate dropped to 6.9%. This comes as a surprise, exceeding expectations for the second month in a row. Analysts had predicted a loss of about 20,000 jobs, anticipating an increase in the […]
Forex Today: The quiet before the BoC and Fed activity
Key Updates for September 17th Here’s the latest for today: There’s quite a bit of market buzz as global indices react ahead of significant announcements from major central banks, particularly the eagerly anticipated US Federal Reserve policy decisions. We’re seeing signs of a softening labor market in the US alongside persistent inflation, which has resulted […]
Canada’s CPI expected to rise slightly before BoC decides on rate reduction
Canada’s Inflation Observations for August Inflation appears to be rising in Canada this August. The main consumer price index is forecasted to fall short of its target. The Canadian Dollar is trading within a certain range. Statistics Canada is set to release the inflation figures for August on Tuesday. This data will provide the Bank […]
USD/CAD Outlook for 30/07: Rises Ahead of Fed and BoC
The US dollar is gaining strength against the Canadian dollar in today’s trading session. This shift is largely due to interest rate announcements from both the Bank of Canada and the Federal Reserve. In the end, the spotlight is likely to remain on the US, though it’s clear that traders are paying attention to the […]
Today’s Forex: Major economies’ GDP data and rate decisions from the BoC and Fed expected to increase volatility
Key Updates for July 30th As we head into Wednesday, financial markets are expected to be generally subdued as investors gear up for significant upcoming events. The European session will pay close attention to the preliminary second quarter GDP data from the eurozone. In the US, important economic indicators will include changes in ADP employment […]
USD/CAD Price Forecast: Bulls turn cautious ahead of US CPI report and BoC decision – FXStreet
USD/CAD has retreated from multi-year highs, but the downside appears to be limited. Rising oil prices are supporting the loonie and putting pressure on the currency pair. The technical setup supports the prospect of some bullish buying. The USD/CAD pair fell slightly in Asian trading on Wednesday, but did not continue to rise, remaining close […]
USD/CAD refreshes multi-year peak, 1.4200 remains in sight on larger BoC rate cut bets – FXStreet
USD/CAD traded with a positive bias for the third day in a row, rising to multi-year highs. The central bank's sharp interest rate cuts and bets on a modest fall in oil prices have weakened the loonie. Ahead of Wednesday's U.S. consumer price index and central bank decisions, the U.S. dollar's price movements have been […]