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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.

August 16, 2022 03:57 PM

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.

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August 4, 2022 04:52 PM

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.

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July 20, 2022 03:28 PM

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Yen, Euros and dollar currency bills and notes

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!

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July 14, 2022 05:13 PM

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.

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Two trades to watch: GBP/USD, USD/CAD

GBP/USD rises after UK GDP, US CPI next, USD/CAD awaits the BoC rate decision.

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July 13, 2022 08:17 AM
"Newspaper snippet of jobs board"

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.

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July 8, 2022 08:55 AM
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Two trades to watch: DAX, USD/CAD

DAX rises despite falling consumer confidence. USD/CAD falls as oil climbs.

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June 28, 2022 08:20 AM
Graphic of trading data chart

Two trades to watch: GBP/USD, USD/CAD

GBP/USD rises despite strike action. USD/CAD falls ahead of retail sales, Fed Powell.

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June 21, 2022 08:42 AM

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.

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June 1, 2022 04:27 PM

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.

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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.

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April 20, 2022 09:03 AM

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.

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April 13, 2022 04:32 PM
Close-up of market chart

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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April 13, 2022 08:46 AM

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!

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April 11, 2022 08:03 PM

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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.

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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.

Market chart

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.

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March 31, 2022 08:16 AM
Gold Sand

Two trades to watch: USD/CAD, Gold

USDCAD battles hawkish Fed & higher oil prices. Gold could come under pressure as Fed Powell talks hikes.

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March 22, 2022 08:18 AM

Two trades to watch: USD/CAD, FTSE

USDCAD falls for a fourth day as oil rallies. FTSE eases but is set for weekly gains.

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March 18, 2022 08:17 AM