USD/CAD Rebound Stalls as BoC Sticks to Current Policy Tools

September 10, 2020 at 01:05AM

The recent rebound in USD/CAD appears to have stalled ahead of the March/June low (1.3315) as the Bank of Canada (BoC) sticks to the sidelines at the September meeting.

From: David Song
Selected by fonecable.com

Search Web: USD/CAD Rebound Stalls as BoC Sticks to Current Policy Tools

ADVERTISEMENT

Sponsored by Harvey Nichols Founded in 1831, a British luxury department store.

ADVERTISEMENT

About Post Author

Ivy Chu

ivy@fonecable.com

Happy

0 %

Sad

0 %

Excited

0 %

Sleepy

0 %

Angry

0 %

Surprise

0 %

24S Worldwide (APAC/EU/US)24S | GET UP TO 300£/$/€ OFF ON YOUR BACK-TO-OFFICE LOOK | **CODE: SHOP100 / SHOP200 / SHOP300**

easypM6CaP — Free Currency Card in the UK; Free Currency Accounts; UK Residence Only

ADVERTISEMENT

HN4WOMAN — Sponsored by **Harvey Nichols** Founded in 1831, a British luxury department store.

ADVERTISEMENT

DailyFX - Market News David Song Topbanner

FX Street

Gold Price Forecast: XAU/USD rebounds to $1,800 as FOMC decision looms 28 July 2021

Gold refreshed daily lows heading into the North American session, albeit quickly recovered a bit thereafter. Currently hovering around the $1,800 mar

US Senator Sinema: We have a deal on infrastructure bill 28 July 2021

Arizona Senator Krysten Sinema, who is the lead Democratic negotiator on the infrastructure bill, said on Wednesday that they have reached a deal, as

USD/MXN Price Analysis: Sixth consecutive daily decline, Mexican peso approaches a key short-term line 28 July 2021

The USD/MXN is falling on Wednesday, before the FOMC statement, for the sixth consecutive day. It is hovering below the 19.97 zone that contains the 2

Canada: Inflation should be somewhat sticky in the medium-term – NFB 28 July 2021

Data released on Wednesday showed inflation slowed in Canada in June. The Consumer Price Index rose 3.1% from a year ago, after rising 0.3% during the

GBP/USD rebounds from 1.3845 back to 1.3880 ahead of the FOMC statement 28 July 2021

The GBP/USD printed a fresh daily low during the American session at 1.3843 and then rebounded rising back to the 1.3870 area, near the level it close

US: Debt limit drama to have a limited near-term market impact – Danske Bank 28 July 2021

The US debt limit suspension expires on 1 August. Analysts at Danske Bank estimate the extraordinary measures are likely exhausted in October or Novem

US: EIA Crude Oil Stocks decrease by 4.1 million barrels, WTI holds above $72 28 July 2021

Crude Oil Stocks Change in the US was -4.1 million barrels in the week ending July 23, the weekly report published by the US Energy Information Admini

Robinhood’s (HOOD Stock) IPO: All you need to know 28 July 2021

Stockbrokers used to be boring. In fact, most still are. Consider some of the biggest ones in the US such as Interactive Brokers, Fidelity, TD Ameritr

United States EIA Crude Oil Stocks Change below forecasts (-2.928M) in July 23: Actual (-4.089M) 28 July 2021

United States EIA Crude Oil Stocks Change below forecasts (-2.928M) in July 23: Actual (-4.089M)

EUR/USD drops below 1.1800 as USD gathers strength ahead of FOMC 28 July 2021

After rising to a daily high of 1.1830, the EUR/USD pair lost its traction in the early American session and was last seen losing 0.2% at 1.1790. DXY

General Electric (GE Stock) longs are risk free 28 July 2021

In this technical blog, we will look at the past performance of Elliott Wave Charts of General Electric stock ticker symbol: $GE, which we presented t

S&P 500 opens flat near 4,400 as focus shifts to FOMC meeting 28 July 2021

Major equity indexes in the US opened on a mixed note on Wednesday as investors refrain from taking large positions while waiting for the FOMC to anno

US Dollar Index clinches daily highs near 92.70 ahead of Fed 28 July 2021

The US Dollar Index (DXY), which tracks the greenback vs. a basket of its main competitors, accelerates gains to the area above 92.60 on Wednesday. US

Advanced Micro Devices Stock News and Forecast: Why is AMD down after earnings beat estimates? 28 July 2021

AMD is one of the largest semiconductor manufacturers in the world and is focused on the computing and graphics sector. Advanced Micro Devices is one

NZD/USD drops to fresh one-week lows, approaches 0.6900 mark ahead of FOMC 28 July 2021

The NZD/USD pair maintained its offered tone through the early North American session and dropped to fresh one-week lows, around the 0.6925 region in

BABA Stock News: Alibaba could reverse off COVID-19 lows, but fears here to stay 28 July 2021

With seemingly no end in sight for the “China techlash,” as yesterday’s new registration suspension for Tencent’s (TCEHY) popular WeChat app attests,

Apple (AAPL) Stock Price and Forecast: Three reasons why Apple stock is falling on Wednesday 28 July 2021

Apple released Q3 2021 results just after the close on Tuesday, July 27. Earnings Per Share (EPS) were $1.30 versus the $1.00 Wall Street estimate. Re

Time for Southwest Airlines (LUV Stock) to take off on a dovish Fed? [Video] 28 July 2021

Jerome Powell speaks tonight and market expectations are that he maintains a dovish hand. The loose monetary policy outlook means that stocks should s

NIO Stock News and Forecast: Why is NIO up on Wednesday? Dead cat bounce? 28 July 2021

NIO stock continues to be stuck in a sideways range since retreating from a failure to break above resistance at $54.86 back in early July. Since then

USD/CAD stays in the red below 1.2600 after Canada inflation data 28 July 2021

After dropping to 1.2560 area during the European trading hours, the USD/CAD pair staged a modest recovery in the early American session. As of writin

USD/CAD Rebound Stalls as BoC Sticks to Current Policy Tools

September 10, 2020 at 01:05AM

The recent rebound in USD/CAD appears to have stalled ahead of the March/June low (1.3315) as the Bank of Canada (BoC) sticks to the sidelines at the September meeting.

Search Web: USD/CAD Rebound Stalls as BoC Sticks to Current Policy Tools

ADVERTISEMENT

Sponsored by Harvey Nichols Founded in 1831, a British luxury department store.

ADVERTISEMENT

ADVERTISEMENT

Sponsored by Harvey Nichols Founded in 1831, a British luxury department store.

ADVERTISEMENT

Recent Posts

About Post Author

Ivy Chu

ADVERTISEMENT

24S Worldwide (APAC/EU/US)24S | GET UP TO 300£/$/€ OFF ON YOUR BACK-TO-OFFICE LOOK | CODE: SHOP100 / SHOP200 / SHOP300

ADVERTISEMENT

Free Currency Card in the UK; Free Currency Accounts; UK Residence Only

ADVERTISEMENT

Related Listening

December Reports

November Reports

October Reports

September Reports

August Reports

ADVERTISEMENT

Sponsored by Harvey Nichols Founded in 1831, a British luxury department store.

ADVERTISEMENT

July Reports

ADVERTISEMENT

Sponsored by Harvey Nichols Founded in 1831, a British luxury department store.

ADVERTISEMENT

Average Rating

Leave a Reply Cancel reply

EUR/USD to Reverse? Trump Call for US-China Decoupling Boosts Election Risks

Euro holds gains as traders brace for ECB meeting

September 10, 2020 at 01:05AM

The recent rebound in USD/CAD appears to have stalled ahead of the March/June low (1.3315) as the Bank of Canada (BoC) sticks to the sidelines at the September meeting.

ADVERTISEMENT

Recent Posts

ADVERTISEMENT

ADVERTISEMENT

Related Listening

December Reports

November Reports

October Reports

September Reports

August Reports

ADVERTISEMENT

July Reports

ADVERTISEMENT

Average Rating

Leave a Reply Cancel reply

Related Post