Canadian Dollar’s Outlook Hinges on Bank of Canada. What to Expect for USD/CAD?

[ad_1] Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the DailyFX team Subscribe to Newsletter Most Read: Euro Weekly Forecast – EUR/USD, EUR/GBP Await ECB. Breakout or Breakdown Ahead? The Bank of Canada will announce its October monetary policy decision on Wednesday. The institution headed by Tiff

USD/CAD is not overvalued at current levels – ING

[ad_1] Share: Canadian jobs figures may tilt market pricing towards another BoC rate hike, but watch for data volatility, economists at ING report. Key jobs figures to steer rate expectations As it often happens, Canadian jobs figures will be released at the same time as the US ones, and the USD/CAD reaction will

Canada July budget deficit of C$4.86 billion vs $3.87 billion a year ago

[ad_1] April-July deficit of $1.24 bilion vs year-ago surplus of $6.33 billion Canadian polls have strongly turned against Justin Trudeau and there’s a decent chance he steps down in short order. This article was written by Adam Button at www.forexlive.com. [ad_2] لینک منبع : هوشمند نیوز

Canada August employment +39.9K vs +15.0K expected

[ad_1] Prior was -6.4K Full time +32.2K vs +1.7K prior Part time +7.8K vs -8.1K prior Participation rate 65.5% vs 65.6% prior Average hourly wages permanent employees +5.2% y/y vs +4.7% expected (+5.0% prior) Total average hourly wages 4.9% y/y vs 5.0% prior Unemployment rate 5.5% vs 5.5% prior Participation rate 61.9% vs 62.0% prior

Canada August S&P Global PMI 48.0 vs 49.6 prior

[ad_1] Canada PMI Prior was 49.6 Fourth month below 50 Lowest since June 2020 Fifth straight decline in new orders; lowest since March Full report Commenting on the latest survey results, Paul Smith, Economics Director at S&P Global Market Intelligence said: “Canada’s manufacturing sector continued to struggle during August, with output and new orders falling

Reminder: Monday is a holiday in the US and Canada

[ad_1] Monday is Labor Day in the United States and Canada so the stock, bond and futures markets will be closed while the FX market will be severely thinned. The economic calendar is bare and I wouldn’t expect too much drama. Remember: Safety first in the forex market [ad_2] لینک منبع : هوشمند نیوز