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Bank of Canada recap: BOC surprises traders with a 100bps hike, USD/CAD falls below 1.30
The BOC’s relatively hawkish stance could keep USD/CAD capped below 1.3080.
Two trades to watch: GBP/USD, USD/CAD
GBP/USD rises after UK GDP, US CPI next, USD/CAD awaits the BoC rate decision.
Bank of Canada preview: BOC poised to hike another 75bps
The Bank of Canada will conclude its regular monetary policy meeting on Wednesday and traders are bracing for another rate hike…
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Bank of Canada hikes rates 50bps. Will act more forcefully if needed!
Although the Bank of Canada raised rates by only 50bps today, the statement was clearly hawkish.
European Open: PMI’s and BOC meeting in focus
The collection of PMI data also includes the ISM manufacturing report for the US, alongside the BOC’s meeting.
Asian Open: Eye-watering CPI data for Canada raises odds of a 75-100 bps hike
Canada’s inflation metrics rise across the board and beat estimates by a wide enough margin to increase the odds of some serious hiking by the BOC in June.
The Bank of Canada hikes 50bps, as expected; USD/CAD initially lower
The key rate now sits at 1%, its highest level since the pandemic began in March 2020.
European Open: RBNZ down, BOC (and UK inflation) up next
We’ve had one 50 bps hike already today from the RBNZ, and now we get to find out of the BOC will follow suit. But first up is UK inflation data.
BOC Preview: How much will the BOC hike?
Most are expected a hike of 50bps; however, some are hoping that it may hike as much as 75bps!
Canadian jobs data in-line; Full time jobs strong
What makes this number strong is that the amount of full-time jobs was +92,700 vs a loss of 29,300 part-time jobs.
BOC Preview: Will the Bank of Canada be the next central bank to liftoff?
The Bank of Canada (BOC) meets on Wednesday this week and is expected to lift rates by 25bps (at the least) to 0.50%.
Bank of Canada leaves rates unchanged. Is it less hawkish now?
How many rate hikes are necessary to control inflation given that the BOC sees it returning to 2% over the long run?
Asian Open: CHF/JPY looks ready to pop higher, China CPI in focus
Corrective price action since the November high has formed a base around the June high and 50-day eMA. Momentum is now trying to realign with its bullish trend.
Bank of Canada unchanged, however may hike rates by mid-2022
If the Bank of Canada continues to believe that the economic recovery will continue through 2022, they may try to stay ahead of it by hiking rates sometime around mid-year
Bank of Canada meeting preview: BOC inching closer to rate hikes
We expect the BOC to reiterate that the Canadian economy is on track for a full recovery next year, and that an interest rate hike cycle could begin as soon as H1...
Bank of Canada ends Quantitative Easing Program
The Bank of Canada surprised markets today by reducing its bond purchase program from $C2 billion per week to C$0
Two trades to watch: EUR/GBP, USD/CAD
EUR/GBP rises, German confidence unexpectedly improves, UK budget in focus. USD/CAD look to BoC rate decision.
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Canadian CPI should solidify a BOC taper next week
With all the impressive data for September, and the BOC already in tapering mode, the inflation data should clear the way for the central bank to taper by another C$1 billion per week
Bank of Canada Preview: Will the BOC taper?
When the BOC meets on Wednesday, they may consider a delay in tapering
Bank of Canada tapers; Sell the rumor, buy the fact for USD/CAD
The BOC reduced asset purchases from C$3 billion per week to C$2 billion per week
European Open: RBNZ Halts Stimulus, UK CPI, BOC and Powell Testimony in Focus
The Kiwi Dollar was the star of the session after RBNZ vowed to halt its LSAP programme in two weeks. Now we find out if BOC will follow suit whilst Powell’s testifies to congress.
Asian Open: One Hot CPI Down, Two Central Bank Meetings to Go
The US CPI report lived up to the hype, exceeding most estimates to push the dollar broadly higher and send equities off-of their highs. Traders now have RBNZ and BOC meetings on the horizon.
BOC Preview: Ready to continue tapering, but does that mean USD/CAD will move lower?
indications point towards a tapering in the purchase of government bonds from C$3 billion per week to C$2 billion per week