USDCAD Price Outlook – Canadian Dollar Remains Firm Ahead of BoC Policy Announcement

December 08, 2020 at 12:00PM

The Canadian dollar remains buoyed against the US dollar and the pair may get another shot in the arm from Wednesday’s Bank of Canada policy announcement.

From: Nick Cawley
Selected by fonecable.com

Search Web: USDCAD Price Outlook – Canadian Dollar Remains Firm Ahead of BoC Policy Announcement

ADVERTISEMENT

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

ADVERTISEMENT

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 Nick Cawley Topbanner

Thailand: BoT could raise rates again in September – UOB 12 August 2022

Economist at UOB Group Enrico Tanuwidjaja assesses the latest interest rate decision by the Bank of Thailand (BoT). Key Takeaways “BOT voted 6 to 1 to

EUR/USD comes under pressure and challenges 1.0300 12 August 2022

The single currency loses some shine and forces EUR/USD to retreat to the sub-1.0300 region on at the end of the week. EUR/USD weaker on USD-reovery E

EUR/GBP spikes to two-and-half-week high, 0.8500 mark back in sight 12 August 2022

The EUR/GBP cross attracts some buying for the second straight session on Friday and climbs to a two-and-half-week high during the first half of the E

GBP/USD to witness additional losses if 1.2175 support fails 12 August 2022

GBP/USD has come under fresh bearish pressure and declined below 1.2200 on Friday. The pair stays within a touching distance of the key support that a

Potential for USD strength versus EUR and GBP remains intact – UBS 12 August 2022

The USD fell across the board after US inflation data for July came in lower than expected. Nonetheless, economists at UBS still expect the greenback

Eurozone Industrial Production rises 0.7% MoM in June, beats estimates 12 August 2022

Eurozone’s Industrial Production increased more than expected in June, the official data published by Eurostat showed on Friday, suggesting that the b

European Monetary Union Industrial Production w.d.a. (YoY) came in at 2.4%, above forecasts (0.8%) in June 12 August 2022

European Monetary Union Industrial Production w.d.a. (YoY) came in at 2.4%, above forecasts (0.8%) in June

European Monetary Union Industrial Production s.a. (MoM) above forecasts (0.2%) in June: Actual (0.7%) 12 August 2022

European Monetary Union Industrial Production s.a. (MoM) above forecasts (0.2%) in June: Actual (0.7%)

Positive sentiment to provide GBP support despite the poor economic outlook – MUFG 12 August 2022

The UK GDP data has just been released for both the month of June and for Q2. The June contraction has come in smaller than expected at -0.6%, which h

GBP/USD edges lower to 1.2170 area amid a modest pickup in the USD demand 12 August 2022

The GBP/USD pair turns lower for the second successive day on Friday and moves further away from the weekly high, around the 1.2275 area touched in th

USD/CNH risks further decline near term – UOB 12 August 2022

Extra weakness carries the potential to drag USD/CNH to the 6.7100 region in the next weeks, say FX Strategists at UOB Group Lee Sue Ann and Quek Ser

German Economy Ministry: H2 economic outlook considerably worse due to gas situation 12 August 2022

Germany’s Economy Ministry said in its monthly report on Friday, the economy faces "significantly poorer prospects" in the second half of the year due

Hong Kong SAR Gross Domestic Product (YoY) rose from previous -4% to -1.3% in 2Q 12 August 2022

Hong Kong SAR Gross Domestic Product (YoY) rose from previous -4% to -1.3% in 2Q

Hong Kong SAR Gross Domestic Product (QoQ): 1% (2Q) vs -3% 12 August 2022

Hong Kong SAR Gross Domestic Product (QoQ): 1% (2Q) vs -3%

EUR/USD could extend its downward correction if 1.03 is confirmed as resistance 12 August 2022

EUR/USD has failed to clear the stiff resistance that sits at 1.0370 and has gone into a consolidation phase early Friday. The pair could extend corre

USD/JPY trades with modest gains amid positive risk tone, modest USD uptick 12 August 2022

The USD/JPY pair builds on the previous day's goodish recovery move from the 131.75-131.70 area, or a one-and-half-week low and gains some positive tr

Italy Trade Balance EU down to €-2.166B in June from previous €0.246B 12 August 2022

Italy Trade Balance EU down to €-2.166B in June from previous €0.246B

Italy Global Trade Balance above forecasts (€-1.368B) in June: Actual (€0.844B) 12 August 2022

Italy Global Trade Balance above forecasts (€-1.368B) in June: Actual (€0.844B)

Forex Today: Markets turn choppy ahead of the weekend 12 August 2022

Here is what you need to know on Friday, August 12: The risk rally that was fueled by the soft US inflation data mid-week lost its steam and the marke

NZD/USD strengthens further beyond 100 DMA, climbs to over two-month high 12 August 2022

The NZD/USD pair prolongs this week's strong move up and gains traction for the fifth successive day on Friday. The momentum lifts spot prices to over

USDCAD Price Outlook – Canadian Dollar Remains Firm Ahead of BoC Policy Announcement

December 08, 2020 at 12:00PM

The Canadian dollar remains buoyed against the US dollar and the pair may get another shot in the arm from Wednesday’s Bank of Canada policy announcement.

Search Web: USDCAD Price Outlook – Canadian Dollar Remains Firm Ahead of BoC Policy Announcement

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

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

Leave a Reply

Pound Traders Snap Out of Brexit Hope and Brace for Any Outcome

FX Week Ahead – Top 5 Events: Brexit, BOC & ECB Meetings, Mexican & US Inflation

December 08, 2020 at 12:00PM

The Canadian dollar remains buoyed against the US dollar and the pair may get another shot in the arm from Wednesday’s Bank of Canada policy announcement.

ADVERTISEMENT

Recent Posts

ADVERTISEMENT

ADVERTISEMENT

Related Listening

December Reports

November Reports

October Reports

September Reports

August Reports

ADVERTISEMENT

July Reports

ADVERTISEMENT

Leave a Reply

Related Post