While the BOC has turned more hawkish, other fundamental factors are working against the Canadian Dollar in the near-term. Volatility and weakness in oil prices coupled with a stretch of disappointing Canadian economic data are weighing on the Loonie. According to the IG Client Sentiment Index, USD/CAD rates have a bullish bias in the near-term.
APAC traders look to close the week out on a bright note following Wall Street rebound. RBNZ rate hike bets continue to strengthen as economy recovers from Covid lockdowns. And, NZD/USD clings to 100-day Simple Moving Average (SMA) after overnight drop.
GOLD, XAU/USD, INFLATION, TREASURY YIELDS, BREAKEVEN RATES– TALKING POINT
JAPANESE YEN, EUR/JPY, CAD/JPY - TALKING POINTS AND ANALYSIS
AUSTRALIAN DOLLAR, AUD/USD, AUSTRALIAN JOBS REPORT, INFLATION, CHINA – TALKING POINTS
GOLD, XAU/USD, US DOLLAR, US YIELDS, US CPI - TALKING POINTS
AUSTRALIAN DOLLAR, AUD/USD, CHINESE INFLATION – TALKING POINTS
GOLD, XAU/USD, TREASURY YIELDS, FED RATE HIKE BETS, CPI – TALKING POINTS
JAPANESE YEN, USD/JPY, AUD/JPY - TALKING POINTS
NEW ZEALAND DOLLAR, NZD/USD, TRAVEL, COVID, ELECTRONIC CARD SPENDING - TALKING POINTS
GOLD, XAU/USD, NFPS, TREASURY YIELDS, FEDSPEAK, TECHNICAL ANALYSIS - TALKING POINTS:
The dollar made a steady start to the week in Asia on Monday but stayed below Friday peaks, as currency traders seek a path between markets' volatile rate projections and central bankers vowing a wait-and-see approach despite surging inflation.
BRITISH POUND, GBP/USD, EUR/GBP - TALKING POINTS
US Dollar, Bank of England, Treasuries, OPEC+, Crude Oil, Japan - Talking Points
US DOLLAR, BRITISH POUND, GBP/USD, BOE, FED,CHINA, AUD/USD - TALKING POINTS
The dollar held within striking distance of the year's peaks on the euro and yen on Wednesday, as investors looked for the Federal Reserve to begin unwinding pandemic-era policy support faster than central banks in Europe and Japan.
The Euro has established some range environments against the US Dollar and the Japanese Yen. Will the single currency break-out to establish a trend?
The Australian Dollar will likely be in focus to kick off the trading week as forex traders turn to the September RBA meeting for clues on where the Aussie might head next.
Why has currency market volatility plunged to multi-year lows and what could it mean for forex traders going forward?
Implied volatilities on 1-week forex options contracts have dipped resulting from tame expectations for price action next week. Yet, currency traders could see a volatility jolt in response to upcoming event risk.