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Post the BOC rate hike, what are the technicals telling us in the USDCAD

July 12, 2023

The USDCAD is trading lower today help by softer US CPI data in a Bank of Canada which was a little bit more hawkish. They …

Central Banks

Highlights of the Bank of Canada economic forecasts from Monetary Policy Report

July 12, 2023

Bank of Canada monetary policy report forecasts: CPI (Consumer Price Index): Sees higher inflation in 2024 and 2023 to remain elevated at 3.7% 2023 CPI: …

Central Banks

Bank of Canada raises rates by 25 basis points to 5.0%

July 12, 2023

The Bank of Canada lifted rates by 25 basis points to 5.0% as expected. The full statement from the BOC: The Bank of Canada today …

Central Banks

Bank of Canada interest rate decision minutes away

July 12, 2023

The BOC interest rate decision is minutes away. The expectations are for a 25 basis point hike to 5.0%. This would be the 2nd consecutive …

Central Banks

ECB’s Vlucic: September ECB meeting is very open

July 12, 2023

ECBs Vlucic is on the wires saying: Latest reading is maybe pointing to services sector softening. September meeting is very open I put more weight …

Central Banks

Feds Kashkari: Fed fight against inflation must succeed

July 12, 2023

Minneapolis Fed Pres. Kashkari is speaking and says: If high inflation persists, that may need to raise rates further. Fight against inflation must succeed. Higher …

Technical Analysis

GBPUSD moves higher and toward 2023 highs and the key 1.3000 level

July 12, 2023

The GBPUSD is moving sharply higher after the better-than-expected CPI data and in the process is looking to test the next swing area targets on …

Technical Analysis

The EURUSD is higher after the US CPI and approaches the highs from 2023

July 12, 2023

The EURUSD is moving higher after the better-than-expected CPI data. On the move to the upside, the price is testing a swing area between 1.10669 …

Central Banks

Richmond Feds Barkin: Inflation is still too high

July 12, 2023

The 1st comments from a Fed official post the CPI comes from Richmond Fed Pres. Barkin who simply says: Inflation is still too high Demand …

Technical Analysis

The JPY is the strongest and the is the weakest as the NA session begins

July 12, 2023

The JPY is the strongest and the NZD is the weakest as the NA session begins Overnight, the Reserve Bank of New Zealand (RBNZ) decided …

Central Banks

BOE’s Bailey: UK economy, financial system have been resilient so far

July 12, 2023

FPC will remain vigilant as impact of higher rates feed through Tighter bank lending standards reflect appropriate risk judgement Strong UK labour market reduces stress …