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What is a fiat currency? Everything you need to know about the classic monetary asset
A fiat currency is a monetary instrument backed by a national government like the British pound or Canadian dollar. Learn how fiat currencies operate and how they compare to other types of money.
USD/CAD: A tale of two labor markets
Traders are still digesting last week’s US jobs report, but one thing is clear: The US labor market is outperforming Canada’s...
Technical view: CAD/JPY’s rally is lagging…are we seeing a reversal?
Fundamental trends show no imminent signs of reversing, but CAD/JPY’s chart nonetheless suggests that there may be an opportunity for one or both of these currencies to reverse some of this year’s moves.
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Tight spreads from 0.5 pts on FX and 0.3 pts on indices.
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Don’t sleep on USD/CAD’s consolidation at 1.25! The key levels to watch this week
Friday’s Canadian jobs report will be worth watching - see why!
Two trades to watch: USD/CAD, Gold
USDCAD battles hawkish Fed & higher oil prices. Gold could come under pressure as Fed Powell talks hikes.
Weekly COT report: Divergences form between FX prices and trader positioning
As the data was compiled ahead of the FOMC meeting its likely there are some distortions in this week’s speculative positioning report.
Canadian CPI at 30-year highs, USD/CAD bears remain in control
Canada’s annual inflation rate just rose to 4.8%, its highest level since 1991 - how will that impact USD/CAD?
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...
Asian Open: Tech Stocks Buck the Trend as Equities Move Lower
Technology stock diverged from the broader selloff on Wall Street as bonds yields were dragged lower as tensions between US and China resurfaced.
EUR/CAD: Lopsided short positioning may hint at a bullish reversal
When a market is seeing lopsided short positioning in deeply oversold territory after an historic collapse, the risks of an abrupt trend change start to rise...
European Open: UK Data Dump and US CPI in Focus
A batch of UK data kicks off today’s session at 07:00 BST, although it is arguably US CPI which may steal the limelight given it remains a ‘hot’ topic.
Asian Open: Traders Increase $7.2 billion to Net-Long USD exposure
Traders were their most bullish on the US dollar against other currencies at their highest level since June 2019, ahead of Friday’s Nonfarm payrolls miss.
Canadian election: Liberals fail to secure majority: USD/CAD; AUD/CAD
Trudeau’s efforts to secure a majority went unnoticed as voters kept things the same
Two trades to watch: DAX 40, USD/CAD
The DAX 30 expands to DAX 40 and comes under pressure along with European peers amid rising prices, energy crisis and concerns over central banks tapering. USD/CAD rises as oil prices fall and Canadian's head to the polls in Federal elections
Canadian election preview: AUD/CAD in focus as Liberals cling to a tiny lead
The most likely scenario is a minority government, meaning that the winning party will have to collaborate with other parties to reach a consensus about new policies...
Canadian Employment Change in line as data continues to show improvement
With a string of positive jobs data from Canada, the BOC may feel like they are in a better position to continue with their tapering at the next meeting
USD/CAD: Loonie a loser as Bank of Canada cites supply chain risks
The BOC’s monetary policy statement confirmed the risks to the global economy, especially for export-dependent, growth-sensitive currencies like the Canadian dollar...
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Two trades to watch: USD/CAD, WTI oil
USD/CAD looks to the BoC rate decision later today. WTI oil awaits API inventory data for further impetus.
European Open: Subdued Trade Ahead of BOC Meeting
Asian indices failed to hold onto early gains and traded cautiously along with currency markets – with Japan being the exception after strong growth figures.
Strong correlation between USDCAD and BTC
Currency traders can use this relationship between the 2 assets as another tool.
Bank of Canada Preview: Will the BOC taper?
When the BOC meets on Wednesday, they may consider a delay in tapering
European Open: USD/CAD Rallies from Trend Support
The Us dollar held onto yesterday’s gains overnight, and USD/CAD was yesterday’s strongest major which could bode well if the greenback extends its lead today.
European Open: Volatility Subsides as Jackson Hole Looms
It’s a fairly quiet calendar so moves may be limited for markets ahead of Jackson Hole, barring any new market driving catalyst.