USDCAD May Not Be the Most Responsive Loonie Cross to the BOC Decision
There is debate as to whether the BOC will hike 25 or 50 bps from its current 3.75 percent rate, but Loonie traders will likely draw on the comments and cross counterparts
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There is debate as to whether the BOC will hike 25 or 50 bps from its current 3.75 percent rate, but Loonie traders will likely draw on the comments and cross counterparts
While the S&P 500 managed to hold up above its own 200-Day SMA Friday, we have crashed back below the prominent technical level and back into the narrow range of the previous weeks
Monetary policy as a fundamental driver behind USDJPY is held firmly by the Dollar given that the Fed is on the bleed ing edge of policy while the BOJ is anchored to extreme stimulus
Event risk will ramp up significantly in the week ahead from sentiment surveys to US and German GDP to FAANG earnings to ECB and BOJ rate decisions
The Organization for Economic Cooperation and Development (OECD) released its interim report flagging stubborn inflation, lower growth and higher rates