Today
-0.00%
5 Days
-0.46%
1 Month
-1.07%
6 Months
+2.71%
Year to Date
+1.96%
1 Year
+0.02%
Opening Price
1.399Previous Closing Price
1.399
The downside prevails as long as 1.4071 is resistance, with 1.3978 and 1.3964 as targets
above 1.4071, look for 1.4094 and 1.4108.
The downside prevails as long as 1.4071 is resistance, with 1.3978 and 1.3964 as targets
The Bank of Canada (BoC) raised its rate to 2.50% on Wednesday and the Fed held at 3.75%-4.00%, so the Fed's lead shrank by a quarter-point in one session.
The Bank of Canada (BoC) raised its overnight rate by 25 basis points to 2.5%, warning that higher-for-longer energy prices and stronger cost pass-through could keep inflation elevated.
USD/CAD is little changed during American trading hours on Wednesday as the Canadian Dollar (CAD) struggles to benefit from a widely anticipated Bank of Canada (BoC) interest rate hike.
Commerzbank’s Norman Liebke expects the Bank of Canada (BoC) to deliver a widely anticipated 25 bps hike to 2.5%, though he views this as premature given subdued core inflation.
Brown Brothers Harriman’s Elias Haddad notes USD/CAD is holding above 1.4000 ahead of the Bank of Canada decision, where an 80% priced 25 bps hike to 2.50% would mark the start of a new tightening phase.
MUFG’s Derek Halpenny sees an 80% implied probability of a BoC hike but doubts Governor Macklem will validate the 100 bps of tightening priced through next September. With weak Canadian labour data and lingering US trade risks, he sees little room for front-end yields to rise further.
The Indicators feature provides value and direction analysis for various instruments under a selection of technical indicators, together with a technical summary.
This feature includes nine of the commonly used technical indicators: MACD, RSI, KDJ, StochRSI, ATR, CCI, WR, TRIX and MA. You may also adjust the timeframe depending on your needs.
Please note that technical analysis is only part of investment reference, and there is no absolute standard for using numerical values to assess direction. The results are for reference only, and we are not responsible for the accuracy of the indicator calculations and summaries.
