News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
EUR/USD
Bearish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Oil - US Crude
Bullish
Wall Street
Bearish
Gold
Bullish
GBP/USD
Mixed
USD/JPY
Bearish
More View more
Real Time News
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 88.45%, while traders in France 40 are at opposite extremes with 73.09%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/fhwDyn1zdX
  • Heads Up:🇮🇹 Balance of Trade (MAR) due at 08:00 GMT (15min) Previous: €4.754B https://www.dailyfx.com/economic-calendar#2021-05-18
  • 🇳🇱 GDP Growth Rate YoY Flash (Q1) Actual: -2.8% Expected: -2.1% Previous: -2.8% https://www.dailyfx.com/economic-calendar#2021-05-18
  • 🇳🇱 GDP Growth Rate QoQ Flash (Q1) Actual: -0.5% Expected: -0.6% Previous: -0.1% https://www.dailyfx.com/economic-calendar#2021-05-18
  • Commodities Update: As of 07:00, these are your best and worst performers based on the London trading schedule: Silver: 1.31% Oil - US Crude: 1.10% Gold: 0.14% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/QnlMPh7fum
  • It’s not a seasonally friendly time of the year for the British Pound, a potential headwind among otherwise bullish technical considerations. Get your $GBP market update from @CVecchioFX here:https://t.co/RRVpaXPGaU https://t.co/OTZygUiFzD
  • Forex Update: As of 07:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.63% 🇦🇺AUD: 0.54% 🇨🇭CHF: 0.52% 🇬🇧GBP: 0.40% 🇪🇺EUR: 0.36% 🇯🇵JPY: 0.18% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/dwd1ApUwD8
  • Heads Up:🇳🇱 GDP Growth Rate YoY Flash (Q1) due at 07:30 GMT (15min) Previous: -2.8% https://www.dailyfx.com/economic-calendar#2021-05-18
  • Heads Up:🇳🇱 GDP Growth Rate QoQ Flash (Q1) due at 07:30 GMT (15min) Previous: -0.1% https://www.dailyfx.com/economic-calendar#2021-05-18
  • Indices Update: As of 07:00, these are your best and worst performers based on the London trading schedule: FTSE 100: 0.85% Germany 30: 0.68% France 40: 0.62% US 500: 0.43% Wall Street: 0.38% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/fCesZ6q8iR
Canadian Dollar Expected to be Most Volatile Currency Amid BoC & Fed Risk

Canadian Dollar Expected to be Most Volatile Currency Amid BoC & Fed Risk

Justin McQueen, Analyst

Currency Volatility CAD Talking Points

  • CAD Expected to be the Most Volatile Currency
  • BoC, Fed Powell & Minutes Spark CAD Volatility

Top 10 most volatile currency pairs and how to trade them

For a more in-depth analysis on FX, check out the Q2 FX Forecast

Canadian Dollar Expected to be Most Volatile Currency Amid BoC & Fed Risk

CAD Expected to be the Most Volatile Currency

USDCAD | Across the G10 complex overnight implied volatility has jumped with eyes on Fed Chair Powell’s testimony, while FOMC minutes are also released. However, today’s most volatile currency is expected to be the Canadian Dollar given that there will also be the release of the Bank of Canada’s monetary policy report. USDCAD vols have surged 6.950 vols to 13.075, which is the highest of 2019. This implies that USDCAD ATM break-evens = 72pips (meaning that option traders need to see a move of at least 72pip in either direction in order to realise gains). Risk reversals are relatively neutral at 0.2, suggesting that while this shows a slight topside bias, price action is likely to be contained. Resistance is situated at 1.3145 and 1.3200, while on the downside support is seen at 1.3040-50.

Canadian Dollar Expected to be Most Volatile Currency Amid BoC & Fed Risk

USDCAD Price Chart: Daily Time Frame (Oct 2018July2019)

Canadian Dollar Expected to be Most Volatile Currency Amid BoC & Fed Risk

--- Written by Justin McQueen, Market Analyst

To contact Justin, email him at Justin.mcqueen@ig.com

Follow Justin on Twitter @JMcQueenFX

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES