EUR/CAD
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EUR/CAD, FTSE forecasts: Two trades to watch
EUR/CAD falls after OPEC+ cuts oil output . FTSE rises boosted by oil majors .
Canada Q4 GDP worse than expected, but January starting on the right foot
The Canadian GDP was much worse than expected, however the GDP Price Deflator was also weak.
Improving European data boosts ECB and BOE hike bets
The publication of stronger European data again suggests that the eurozone and UK economies remain surprisingly resilient despite high levels of inflation.
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European Open: The BOJ increased bond purchases, BOC meeting in focus
The BOJ aggressively purchased bonds at the long end of the curve and sent the 30-year yield markedly lower, although the move did not spill over the yen pairs.
European Open: The BOJ increased bond purchases, BOC meeting in focus
The BOJ aggressively purchased bonds at the long end of the curve and sent the 30-year yield markedly lower, although the move did not spill over the yen pairs.
Canadian CPI lower than expected. Are the BOC rate hikes working?
CPI for August out of Canada was lower than expected. As a result, EUR/CAD is trading higher on the day.
Yes, inflation may have peak but it “remains far too high”
Sometimes the obvious needs to be said. And that is exactly what the BOC’s deputy governor said in his op-ed by stating inflation “remains far too high”.
Early signs of (dis)inflation continue to appear
Whilst inflation has been hard to ignore, we are now seeing signs that the cooling of inflationary forces are finally showing up in some consumer prices.
European Open: Singapore’s CB tightens policy, ECB unlikely to follow suit
The Singapore dollar made the baulk of currency moves overnight as the MAS tightened policy. We don’t expect the same level of excitement from the ECB.
European Open: RBNZ down, BOC (and UK inflation) up next
We’ve had one 50 bps hike already today from the RBNZ, and now we get to find out of the BOC will follow suit. But first up is UK inflation data.
European Open: RBNZ down, BOC (and UK inflation) up next
We’ve had one 50 bps hike already today from the RBNZ, and now we get to find out of the BOC will follow suit. But first up is UK inflation data.
European Open: Triangle breakout in play on EUR/CAD
Prices broke out of a symmetrical triangle on Friday, a pattern which projects a target around 1.3550 if successful.
European Open: Futures pull back ahead of Biden - Xi Jinping call
The White House has confirmed the two leaders will speak at 13:00 GMT, and futures markets have pulled slightly ahead of the open.
European Open: Oil hits an 8-year high ahead of OPEC meeting
The significance of OPEC’s meeting has diminished somewhat with Russia stealing headlines, and four key members intending to stick to raising output by 400k bpd.
Bank of Canada preview: Is the BOC ready to hike rates?
At its last meeting in December, the BOC said it doesn't see a rate hike until mid-2022. However, some seem to think it will hike at this meeting!
Bank of Canada ends Quantitative Easing Program
The Bank of Canada surprised markets today by reducing its bond purchase program from $C2 billion per week to C$0
EUR/CAD poised for a rally?
Despite the data out just a few moments ago that Canadian manufacturing sales rebounded by a good 1.0% (vs. 0.4% expected), the medium-term lower highs and the lack of a clear short-term trend, we think this FX pair is looking bullish
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BOC rate hike looms but how will CAD react?
The Bank of Canada is due to increase interest rates to 1.75% at the conclusion of its meeting today. This will be an easy decision thanks to an improving economy and the fact that Canada finally secured a trade deal (USMCA) with its two southern neighbours.
EUR/CAD breaks out ahead of Canada jobs, G7 and ECB meetings
The single currency has performed particularly well against the Canadian dollar, which has been undermined by continued uncertainty over NAFTA negotiations and recent volatility in oil prices.
EUR/CAD could extend drop with Canadian data in focus
Today is fairly light on the data front. The only notable exception will be Canadian inflation and retail sales figures, which will be released later at 13:30 BST (08:30 EDT).
Chart to watch: EUR/CAD
The CAD’s drop was more pronounced against the euro, with the latter managing to catch a bid earlier today. Consequently, the EUR/CAD managed to hold its own above the 200-day moving average and long-term trend line around the 1.5200 area for the second consecutive day.
EUR/CAD in focus amid ECB, US tariff plans and Canadian jobs data
After the ECB’s dovish press conference the euro fell across the board, even against the Canadian dollar.
EUR/CAD: Eurozone CPI confirmed at 1.3% but how will Canada fare?
While the Bank of Canada has moved ahead of the European Central Bank in raising interest rates first, this hasn’t stopped the EUR/CAD from rising...