Currently viewing the tag: "BOC"
Thursday’s Bank of Canada rate decision will be rightly overshadowed by Greece and the pending US and Canadian jobs reports on Friday but once the short-term smoke clears, the central bank will have outlined the case for a long-term CAD rally.
Economists and the market see no chance of a rate hike on Thursday, leaving [...]
Technicals were the primary driver for a long AUD/CAD trade I entered Friday. I announced the trade on twitter via FX_Button.
Every Friday, shortly before the market close, I take a look at the weekly charts and see if anything jumps out. This turnaround, along with probably reversals in CHF crosses caught my attention. [...]
The Canadian dollar jumped after May CPI hit the highest rate in eight years. The Canadian dollar trailed AUD and NZD despite the miss as Canadian bank economists held onto predictions of no hike at the July 19 meeting. Some continue to forecast no hikes this year, noting gas prices have been down since the [...]
Live EUR/USD Chart
