The BOC raised rates again and sent the Canadian dollar shooting higher. And it may not be over just yet. Here are two views, both explaining why there is more room to the downside. Here is their view, courtesy of eFXnews: CAD: More Strength On The Cards As Market Will Start To Price-In Further BoC […]
The post USD/CAD has more room to the downside – 2 opinions appeared first on Forex Crunch.
The Bank of Canada did it again. The team led by Stephen Poloz and his colleagues decided to raise interest rates in a decision that was not 100% priced in. In addition, they left an open door to another hike in the near future. The BOC noted the strong growth in jobs as well as […]
The post USD/CAD crashes on BOC hike appeared first on Forex Crunch.
Dollar/CAD is trading under 1.24 ahead of the BOC decision. The team at TD sees a big air pocket on the way down. Here is their view, courtesy of eFXnews: TD FX Strategy Research notes that the focus this week for CAD traders shifts from data to policy, with the BoC meeting Wednesday. “We believe […]
The post USD/CAD: Air Pocket Into 1.2130 But Some Profit-Taking On Shorts First appeared first on Forex Crunch.
I am looking at the USDCAD pair. There are a few different factors that make me think it might be just before a turning point. First things first. The Daily chart is showing price being hesitant and hitting a support level at the same time. It looks like we might see a bounce back to […]
The post USDCAD Technical Analysis for September appeared first on Forex Crunch.
Lower than expected data in the US: only 156K jobs were gained and wages went up by 0.1%, lower than expected on both fronts.The participation rate was unchanged at 62.9%. Wages y/y are still at an annual pace of 2.5%. Overall, not a great report on both wages and headline job growth. The US […]
The post Non-Farm Payrolls 156K for August 2017; wages +0.1% m/m — USD slides appeared first on Forex Crunch.