Overview
CADJPY is showing signs of upside momentum weakening. Price may attempt a bearish move to the weekly range support around 95.00.
The Details
Fundamental Analysis
The Bank of Canada (BOC) may be one of the first central banks (apart from the ECB) to cut interest rates. On the other hand, the Bank of Japan (BOJ) will likely start hiking rates in 2024....
Hi
I think BoC must move rates higher since all that happened.
This Imho, USDCAD should reach at least 1.24 ish.
Thanks if you read, liked and commented.
if not then not.
Good luck trading.
Carlos
Hey traders, in this week we are monitoring USDCAD for a selling opportunity around 1.26 zone, in this week we have BoC rate announcement where it's expected for BoC to hike rates by 0.50. this should contribute to CAD strength.
Once we will receive any bearish confirmation the trade will be executed.
Trade safe, Joe.
Hey traders, in today's trading session we are monitoring GBPCAD for a selling opportunity around 1.643 zone, in this week we have an important BoC statement where we expect BoC to Raise rates by 0.50 which considered very hawkish and should contribute to CAD strength.
Once we will receive any bearish confirmation the trade will be executed.
Trade safe, Joe.
Fundamentals:
See prior notes on USDCAD, EURCAD and AUDCAD...
Technicals:
(1) Past Support = Future Resistance
(2) Key fib confluence @ 61.8%/50%
(3) Bearish pin bar
(4) Daily and Weekly U3
Hello traders!
Canada's economy is showing excellent signs fo improvement and the last jobs report has shown that the jobs market is nearly back to pre-pandemic levels.
Expected CAD strength from today BoC meeting.
Enter at market or at the pivot.
Have a great day!
Vitez
The Canadian dollar continues to drift this week. In the Tuesday session, USD/CAD is trading at 1.2532, down 0.02% on the day.
All eyes will be on the Bank of Canada policy meeting on Wednesday (14:00 GMT). The bank is expected to maintain interest rates at 0.25%, where they have been pegged since last March, at the start of the Covid-19 pandemic. Any drama will...
Hey guys,
I'm long the USD. I don't think governor Poloz will hike rates anytime time year. Maybe next year if things get hot. Economic indicators are weak. Earlier, Retail sales and CPI under performed and disappointed investors. Furthermore, BoC was said to have angered PM Trudeau when they hiked rate in two quick succession claiming they were offsetting 2015...
