The Bears following the dollar.
The first week of August closes with two high-impact data in the employment sector. The United States and Canada will report the evolution of non-farm payroll and the change in the unemployment rate respectively. After assessing that there is still a way to go in the economic recovery, the Fed chose to maintain monetary policy. […]
Canada GDP: Impact on USDCAD
July ends with data on Canadian economic activity. The Statistics Office of Canada will report the GDP data this Friday at 9:30 p.m. Argentina time (GMT-3). Stability is projected for the inflation-adjusted Gross Domestic Product for May, which will be reported in the coming hours. The indicator in April maintained a steep fall from 1.1% […]
Keys to the Canadian interest rate
This Wednesday the Bank of Canada will announce its decision regarding the interest rate. After that, they will make a statement to inform what led to this decision and what the general situation of the economy is, which will allow projecting on future measures. The decision to maintain the same monetary policy is expected to […]
Unemployment rate will affects USDCAD
This Friday the Statistics Canada office will report on the evolution of employment in the last month in the country. Positive data is expected, which could have a strengthening impact on USDCAD. In the period April and May, employment fell and doubts arise regarding the measures taken by the Bank of Canada to evaluate measures […]
Dollar sellers return in July
July began with liquidations of market positions in the dollar. The employment data on Friday surprised with results that were above forecasts. Despite this, the market was in charge of discounting the information in the previous days and took advantage of the employment data to attack the unsuspecting buyers of the dollar. The final situation […]
High Impact Week: American and Canadian Employment Data
This week will start stable after waiting for US and Canadian employment data on Friday at 9:30 am ET. The dollar managed to position itself before the close of the day last Friday. We would expect the market to sustain its dollar positions to make a final high against good employment data. Conversely, the market […]
Canadian budget and interest rate announced.
This week Canada will make two major economic announcements. On the one hand, a new economic budget will be presented at 5:00 p.m. today (GMT -3) and on the other hand, on Wednesday the Bank of Canada will pronounce on the interest rate. The budget to be presented is intended to be used for economic […]
High Impact Trading Week April 19-23
Wednesday 11:00 am ET the Canadian interest rate is published, this data will mainly impact upward on the Canadian dollar in fundamental terms. The market could discount the information from the open on Monday and have a downward impact on the dollar. Thursday 8:45 am ET is the turn to update the interest rates of […]
Canadian Employment Projections
Tomorrow, Friday April 9, like every month, the employment data for Canada will be published. Data that generates expectations about the current economic context and will affect the USDCAD cross. Statistics Canada will report the evolution of employment in the last month. Starting with the variation in employment, the last month it was more optimistic, […]
Australian Interest Rate, FOMC and Canadian Employment This Week
At 1:30 am on Tuesday we start with the Australian interest rate. A maintenance of 10 basis points is expected. The main AUDUSD crossover will finally have a winner in the 0.76 zone. We maintain a preference over buyers for this event. Wednesday 3:00 pm Eastern we continue with the FOMC meeting. The expectation for […]