TTCM
Wednesday, January 17, 2018 / Published in Forex Daily News
CAD is in investors’focus ahead of the BOC conference on Wednesday. Is a rate hike likely? Let’s take a quick chart tour. In anticipation of the BOC’s decision to increase rates, the market already priced a USDCAD sell-off to an extent of 80%. If BOC chooses to postpone the rate hikes considering the NAFTA-associated risks,
TTCM
Friday, December 1, 2017 / Published in Forex Daily News
With PMIs and employment change data on tap, USD and CAD capture the limelight on the first day of the month. PMI releases flood the markets worldwide. In Asia, Japanese PMIs for November showed a boost of the manufacturing activity, with an overseas demand rising to 44-month high in new business growth. Comparatively, in China
TTCM
Tuesday, November 28, 2017 / Published in Forex Daily News
USD, GBP, CAD and NZD big data releases on tap keep traders busy on Tuesday. The US consumer confidence index, GBP inflation hearing and BOC and RBNZ big data turn the wheel of trading. USD in Spotlight USD investors are waiting for some impetus from the US consumer confidence index release due today. Nomura analysts
TTCM
Wednesday, October 25, 2017 / Published in Forex Daily News
After the disappointing release of the CPI in Australia, the Aussie-dollar plummeted, with the Aussie being the target of today’s sell-off. The headline inflation reached 0.6% QoQ compared to the expected 0.8%, while the trim mean is sitting at 0.4% QoQ against the 0.5% both prior and consensus. The Aussie bulls are now looking for
TTCM
Wednesday, October 18, 2017 / Published in Daily Technical Levels, Forex Daily News
In case you were wondering what the trade setting would look like after Mario Draghi’s speech today and ahead of Federal Reserve data, here is what to have in mind: 1. The USD stays supported against a basket of other major currencies, as investors are looking forward to Fed policymakers’ commentaries on monetary policy. In