Three scenarios and their implications for USD/CAD – TDS

[ad_1] Share: Economists at TD Securities discuss the Bank of Canada (BoC) Interest Rate Decision and its implications for the USD/CAD pair. Hawkish (25%) 25 bps hike. BoC hikes to 5.25%. Bank remains concerned that sticky inflation will delay the normalization of wage/inflation expectations, risking a wage-price spiral. October MPR still projects a

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

Canadian Dollar rises against US Dollar, BoC rate call looms ahead

[ad_1] Share: Canadian Dollar catching some lift as the broad-market US Dollar Index recedes. The Bank of Canada lands with its next rate call on Wednesday. Market sentiment is improving on Monday, sending the Greenback lower. The Canadian Dollar (CAD) is finding some lift to kick off the new trading week, bolstered by

Canadian Dollar pinned in place for Friday, ends the week down 0.4%

[ad_1] Share: The Canadian Dollar ended the trading week flat against the US Dollar. A Retail Sales beat sees little positive momentum for the Loonie as markets remain USD-focused. Steady Crude Oil prices aren’t hurting the CAD, but aren’t helping it either. The Canadian Dollar (CAD) is seeing some minor lift on Friday,

USD/CAD sees downside below 1.3680 Middle East tensions improve oil price outlook

[ad_1] Share: USD/CAD refreshes day low as higher oil prices strengthen the Canadian Dollar. Canadian Retail Sales report indicates that automobile demand remained weak. The US Dollar turned soft due to neutral guidance from Fed Powell. The USD/CAD pair faces selling pressure after a less-confident pullback move to near the round-level resistance of

USD/CAD to shift back toward the lower end of the range near 1.34 – TDS

[ad_1] Share: The USD and risk sentiment are the biggest factors driving CAD. Economists at TD Securities analyze Loonie’s outlook. Fading USD/CAD rallies ahead of 1.38 The direction of the broad USD and risk sentiment will dictate the price action of the Canadian Dollar in the near term. We like leaning against the

Canadian Dollar backslides as investors dump Loonie in risk-off flows

[ad_1] Share: The Canadian Dollar is falling back into familiar lows on Wednesday as investors pull up stakes. Canada Housing Starts came in better than expected, but risk-off flows are dominating. Thin calendar docket for the CAD until Friday’s Retail Sales. The Canadian Dollar (CAD) is falling back in the American market session

USD/CAD Slides as Oil Surprisingly Follows Suit on Potential US-Venezuela Oil Deal

[ad_1] USD/CAD, WTI OIL PRICE, CHARTS AND ANALYSIS: The Loonie Faces a Key Moment Tomorrow as Inflation Data is Due Ahead of the BoC Meeting Next Week. WTI Slides as US-Venezuela Deal Grows Closer. Middle East Tensions Simmer with Developpements Around Iranian Involvement to be Monitored. Retail Traders are Currently Short on USDCAD as 61%

Too Early to Bet on Extended Oil Bull Run – TDS

[ad_1] Share: Strategists from Toronto-Dominion Securities have published an analyst note highlighting that cautions Crude Oil prices, while set to go higher, could see limited upside. Higher yes… But too early to bet on extended oil bull run due to Middle East Oil prices jumped by over four dollars on Friday after the