Tag - cad - canadian dollar

The US dollar index rose to 105.40 after the Fed’s 75-basis-point key rate hike, while the stock and the crypto markets fell. However, during the past few days, investors and traders returned to risk assets as they expect inflation growth to slow. Moreover, Jerome Powell, the head of the Federal Reserve, announced the Fed might start cutting the key rate by 2024, which is the most evident hint of an upcoming market reversal.

On December the 3rd Canada reported a 6% unemployment rate, while the expectations were at a 6.6% level. Less than expected unemployment rate is always hawkish news for the national currency.

The Bank of Canada ended its bond-buying stimulus program and accelerated the potential timing of future interest rate increases. Traders await the ECB meeting and the release of lower than expected US advance GDP growth.

What will happen? BOC will report its Monetary Policy statement at 17:00 MT (GMT+3) on Wednesday, October 27…

USD/CAD is at its lowest level since July. What was the reason?

What will happen? Canadian m/m GDP will be announced at 15:30 MT (GMT+3) on Thursday, September 30…

The Fed can start tapering already this November, oil is rallying pushing the Canadian dollar up! Jump in to know more!

Quadruple witching is gone and now there are no reasons for the market to hinder. From banks statements and economic data to gas storage reading and Fed’s Powell speech – get ready for active trading.

Three centra banks will set the market in motion this week. The USD is under pressure after the weaker-than-expected NFP. ETH/USD is testing highs.

Ichimoku Kinko Hyo NZD/JPY: The NZD/JPY pair is now testing the upper level of the cloud…

Ichimoku Kinko Hyo AUD/JPY: The AUD/JPY pair is now trading above the Kumo…

The Fed held a much-awaited meeting yesterday. The bank hasn’t made any policy changes. As a result, the USD weakened and EUR/USD rocketed. Jump in to know all the latest news!