Page 975 – Forex

Highlights of prepared remarks from BOC’s Macklem press conference

Further rate decisions will be guided by assessment of incoming data and outlook for inflation. Monetary policy is working but underlying inflationary pressures are proving …

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July 12, 2023

Technical Analysis

EURUSD technical update: EURUSD breaks to new 2023 highs. What next for the pair?

July 12, 2023

The EURUSD is trading to a new session and 2023 high and in the process is extended to yet another target between 1.1094 and 1.11346. …

Technical Analysis

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 …