EUR/CAD
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EUR/CAD, FTSE forecasts: Two trades to watch
EUR/CAD falls after OPEC+ cuts oil output . FTSE rises boosted by oil majors .
Canada Q4 GDP worse than expected, but January starting on the right foot
The Canadian GDP was much worse than expected, however the GDP Price Deflator was also weak.
Improving European data boosts ECB and BOE hike bets
The publication of stronger European data again suggests that the eurozone and UK economies remain surprisingly resilient despite high levels of inflation.
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European Open: The BOJ increased bond purchases, BOC meeting in focus
The BOJ aggressively purchased bonds at the long end of the curve and sent the 30-year yield markedly lower, although the move did not spill over the yen pairs.
European Open: The BOJ increased bond purchases, BOC meeting in focus
The BOJ aggressively purchased bonds at the long end of the curve and sent the 30-year yield markedly lower, although the move did not spill over the yen pairs.
Canadian CPI lower than expected. Are the BOC rate hikes working?
CPI for August out of Canada was lower than expected. As a result, EUR/CAD is trading higher on the day.
Yes, inflation may have peak but it “remains far too high”
Sometimes the obvious needs to be said. And that is exactly what the BOC’s deputy governor said in his op-ed by stating inflation “remains far too high”.
Early signs of (dis)inflation continue to appear
Whilst inflation has been hard to ignore, we are now seeing signs that the cooling of inflationary forces are finally showing up in some consumer prices.
European Open: Singapore’s CB tightens policy, ECB unlikely to follow suit
The Singapore dollar made the baulk of currency moves overnight as the MAS tightened policy. We don’t expect the same level of excitement from the ECB.
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.
European Open: Triangle breakout in play on EUR/CAD
Prices broke out of a symmetrical triangle on Friday, a pattern which projects a target around 1.3550 if successful.
European Open: Futures pull back ahead of Biden - Xi Jinping call
The White House has confirmed the two leaders will speak at 13:00 GMT, and futures markets have pulled slightly ahead of the open.
European Open: Oil hits an 8-year high ahead of OPEC meeting
The significance of OPEC’s meeting has diminished somewhat with Russia stealing headlines, and four key members intending to stick to raising output by 400k bpd.
Bank of Canada preview: Is the BOC ready to hike rates?
At its last meeting in December, the BOC said it doesn't see a rate hike until mid-2022. However, some seem to think it will hike at this meeting!
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
EUR/CAD surges as oil drops; Trump, BOC in focus
The sharp drop in the price of oil has weighed heavily on the oil-linked Canadian dollar today. The USD/CAD has surged above 1.3200 handle and […]
ECB’s QE working its magic…finally
The European Central Bank’s large bond buying programme appears to be finally working its magic. Inflation is on the rise, unemployment is falling and the […]
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EUR/CAD: one to watch
Despite oil’s massive rally on the back of the OPEC news, the Canadian dollar, which tends to correlate strongly with oil prices, has hardly moved […]
Canadian dollar in focus as traders eye CPI, retail sales and oil prices
The Canadian dollar has been among the weakest of currencies in G10 in recent days. The sell-off has been sparked by the Bank of Canada’s […]
EUR/CAD: one to watch
Today’s biggest surprise was perhaps the rallying stock markets with the UK’s FTSE 100 climbing by a good 3.5%, led by stocks that had suffered […]
Forget EUR/USD, focus on EUR/CAD
Not a lot was expected to come out of today’s ECB meeting and press conference, and so it proved. The euro huffed and puffed during […]