USD/CAD
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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.
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.
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💥 Week Ahead: RBA, FOMC Minutes and Non-Farm Payrolls #RBA #FOMC #jobsreport #yields https://t.co/GXM42Bw0kK
7:03 PM − 01 Jul 2022
Canadian CPI stronger than expected; pressure builds on BOC
The stronger than expected Canadian CPI, combined with stronger employment data, will continue to pressure the Bank of Canada
Two trades to watch: FTSE, USD/CAD
FTSE rises after GDP beats forecasts. USDCAD looks to Canadian jobs data.
Oil-forex correlations: how to trade oil with forex
Forex traders can look to take advantage of fluctuations in oil prices around OPEC announcements and other major events by trading correlated currencies. Discover how to trade oil on FX markets, and which currency pairs are linked to oil prices.
Bank of Canada hikes 25bps. More to come!
The Bank of Canada raised rates for the first time since October 2018 by 25bps to 0.50%.
Two trades to watch: FTSE, USD/CAD
FTSE rises as risk appetite rises, UK retail sales jump. USD/CAD falls despite oil dropping, CAD retail sales due.
3 reasons USD/CAD should be lower. What’s next for the pair?
If any of theses circumstances reverse, USD/CAD could move aggressively higher in a hurry!
Two trades to watch: FTSE, USD/CAD
FTSE reaches a 2 year high. USDCAD hovers around 1.27 ahead of EIS crude oil stockpile data, BoC Governor speech.