Tag: BOC
Oil Drops Hit the Loonie, Ahead of BOC Interest Rates!
The USDCAD exchange rate strengthened after a relatively hawkish Fed, which is likely to push interest rates above 5% in 2023, following a series...
Market Update – October 27 – USD Lower, BOC Surprise, META & Samsung Miss
USDIndex – Slumped to under 110.00 to 109.40. US new home sales dropped -10.9% in September, in line with expectations and BOC surprised markets...
USDCAD: Rounding Top Formed, End of Rally?
The BoC overnight only raised interest rates by 50bp to 3.75%, below market expectations of 75bp. Bank rate and deposit rate were 4.00% and...
Events to Look Out for Next Week
The "good news is bad news" trade is in full effect in stocks and bonds this week. The still-solid ISM report that included a...
GBPCAD: Inflation is still the key to FX movement
The Sterling fell soon after the release of UK inflation data which was largely in line with expectations, but some key elements of the...
Yen Bears Burden of BOJ’s Ultra-Loose Monetary Policy
BOJ Governor Haruhiko Kuroda reiterated to parliament, that ultra-loose monetary policy should be maintained for now. Consumer inflation is expected to continue to slow...
