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Canadian July CPI weaker than previous month. Peak inflation for Canada?
The July Canadian CPI print came in weaker than June’s print and USD/CAD sold off. Traders may have been expecting an even weaker print, similar to that of the US CPI.

Canadian jobs report expected to be better than June’s negative print; USD/CAD
If the Employment Change is better than expected, this will help give the BOC confidence to hike again when it meets in September.

Canada CPI weaker than expected – Peak inflation?
Although the June CPI reading for Canada was higher than the May reading, the headline was much lower than expected.

PPI follows CPI with stronger than expected 11.3% headline print
As the DXY continues to make new daily highs, it appears that inflation is still at the forefront of traders’ minds, with worries of a global slowdown right behind it!

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.

Two trades to watch: Gold, USD/CAD
Gold remain below 1750 ahead of the NFP. USDCAD rises above 1.30 with US & Canadian jobs data in focus.

Two trades to watch: DAX, USD/CAD
DAX rises despite falling consumer confidence. USD/CAD falls as oil climbs.

Two trades to watch: GBP/USD, USD/CAD
GBP/USD rises despite strike action. USD/CAD falls ahead of retail sales, Fed Powell.

US Retail Sales: Is inflation affecting the US consumer?
The main culprit for the lower print was a decrease in new car and trucks.

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.

Two trades to watch: USD/CAD, DAX
USDCAD rises ahead of BoC rate decision. DAX rises despite tanking retail sales, manufacturing PMI due.

Canadian inflation remains excessively high. What does it mean for USD/CAD?
The Canadian CPI print confirmed what the markets had already expected: that inflation continues to rise and will force the BOC to raise rates further.

Two trades to watch: EUR/USD, USD/CAD
EURUSD rises post German PPI, ahead of the French election debate. USD/CAD falls ahead of Canadian inflation data.

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.

Two trades to watch: GBP/USD, USD/CAD
GBPUSD falls below 1.30 after UK inflation jumps to 7.5%. USDCAD falls ahead of BoC rate decision.
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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.

European Open: FTSE aims for a 5th bullish week, USD/CAD in focus
It’s a fine line between the FTSE closing the week higher or not. But if it can, it will be the first time the index has rallied for five weeks since November.

European Open: FTSE breaks out of consolidation, USD/CAD to mean revert?
A strong close for the FTSE retains our bullish bias, whilst recent price action on USD/CAD suggests an important swing low may have already been seen.

Two trades to watch: USD/CAD, FTSE
USDCAD rises above 1.25 as oil tumbles, US inflation due. FTSE edges higher after Q4 GDP upwardly revised.

Two trades to watch: USD/CAD, Gold
USDCAD battles hawkish Fed & higher oil prices. Gold could come under pressure as Fed Powell talks hikes.

Two trades to watch: USD/CAD, FTSE
USDCAD falls for a fourth day as oil rallies. FTSE eases but is set for weekly gains.