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USDCAD May Not Be the Most Responsive Loonie Cross to the BOC Decision
USDCAD May Not Be the Most Responsive Loonie Cross to the BOC Decision
2022-12-06 19:30:31
The Bank of Canada rate decision is on tap for Wednesday, and there is debate around what the central bank intends to do with its policy. USDCAD will be a focus for many monitoring this higher profile event, but there are probably more volatile Loonie crosses to follow.
Gold, Silver Price Forecast: Gold Snaps Back, Silver Tests Key Support
Gold, Silver Price Forecast: Gold Snaps Back, Silver Tests Key Support
2022-12-06 16:30:00
Precious metals put in a strong month of November but surprisingly, Silver has shown stronger bullish structure of late.
USD/ZAR Grinds Lower – Strong GDP Data, Dollar Weakness Lifts the Rand
USD/ZAR Grinds Lower – Strong GDP Data, Dollar Weakness Lifts the Rand
2022-12-06 15:30:27
South African GDP beats estimates driving USD/ZAR back to a key level of technical support that could influence the short-term move.
Bank of Canada Preview: Market Positioning Offers up Short-Term Opportunity
2022-12-06 13:45:39
The BoC is due to raise rates by 25 or 50 basis points with market positioning square in the middle of the two outcomes. Positioning is likely to adjust on the outcome
USD/JPY Records its Largest Daily Gain Since Mid-June, More Upside Ahead?
2022-12-06 12:00:23
USD/JPY consolidates following yesterday’s gains. Due to the lack of economic data any further moves are likely to be driven by the dollar index.
Euro (EUR/USD) Outlook Muted Ahead of ECB and Fed Policy Decisions
2022-12-06 10:31:29
With little data or events of note on the economic calendar today, traders will start looking ahead to next week’s FOMC and ECB all important policy decisions
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