Bank of Canada maintains rate at 1,25% – Statement May 30, 2018

The Bank of Canada today maintained its target for the overnight rate at 1 ¼ per cent.

Bank of Canada Poloz

The Bank Rate is correspondingly 1 ½ per cent and the deposit rate is 1 per cent. Continue reading

Long-term consolidation on the Canadian dollar

The Canadian dollar (pair USDCAD) is consolidating in a narrow range during the last nine trading days.

Consolidation on the Canadian dollarThis range is highlighted on the graph with a blue rectangle and is bounded by the values ​​1.28120 – 1.28970. Continue reading

Bank of Canada maintains rate at 1,25% – Statement April 18, 2018

The Bank of Canada today maintained its target for the overnight rate at 1 ¼ per cent.Bank of Canada

The Bank Rate is correspondingly 1 ½ per cent and the deposit rate is 1 per cent. Continue reading

Technical analysis USDCAD – April 02, 2014.

After correction to the growing trend, the USDCAD currency pair is in a long consolidation.

Technical analysis USDCAD Daily-020418
The pair is consolidated within the last eight trading days. Continue reading

Bank of Canada maintains rate at 1,25% – Statement March 7, 2018

The Bank of Canada today maintained its target for the overnight rate at 1 1/4 per cent.Bank of Canada

The Bank Rate is correspondingly 1 1/2 per cent and the deposit rate is 1 per cent. Continue reading

Statement BOC – Bank of Canada increases overnight rate target to 1,25%

The Bank of Canada today increased its target for the overnight rate to 1 1/4 per cent. The Bank Rate is correspondingly 1 1/2 per cent and the deposit rate is 1 per cent. Recent data have been strong, inflation is close to target, and the economy is operating roughly at capacity. However, uncertainty surrounding the future of the North American Free Trade Agreement (NAFTA) is clouding the economic outlook.

Bank of Canada

The global economy continues to strengthen, with growth expected to average 3 1/2 per cent over the projection horizon. Growth in advanced economies is projected to be stronger than in the Bank’s October Monetary Policy Report(MPR). In particular, there are signs of increasing momentum in the US economy, which will be boosted further by recent tax changes. Global commodity prices are higher, although the benefits to Canada are being diluted by wider spreads between benchmark world and Canadian oil prices. Continue reading

Bank of Canada maintains overnight rate target at 1%

The Bank of Canada today maintained its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent.

Bank of Canada

The global economy is evolving largely as expected in the Bank’s October Monetary Policy Report (MPR). In the United States, growth in the third quarter was stronger than forecast but is still expected to moderate in the months ahead. Growth has firmed in other advanced economies. Meanwhile, oil prices have moved higher and financial conditions have eased. The global outlook remains subject to considerable uncertainty, notably about geopolitical developments and trade policies. Continue reading

USDCAD: picture before publication of CPI

The currency pair USDCAD is traded for a long time in the uplink. At the moment, the resistance is at a strong daily level of 1.27630-1.27800, support at 1.27020.

Analysis USDCAD H4 17.11.17

USDCAD H4

The pair completed the correction directly on the lower border of the rising channel and turned up. Looking at the M30, we see that for the whole week the pair tested the lower border of the channel every day, and each time the bulls turned out to be stronger and drove USDCAD back into the channel. Continue reading