Live Chat
Live Chat

USDCAD goes higher as BOC keeping the rate unchanged

USD in tight range consolidation overnight goes higher against JPY, CHF and CAD but lower against EUR, NZD, AUDUSDCAD higher on BOC keeping rate unchanged and rather dovish speech from Poloz that will maintain below neutral rate for sometimes and lower the forecast of GDP effect. USDJPY grids higher after tension with Trump/Abe meeting not to mention FX despite no agreement with trade discussion. US stock in steady move and US treasury yield stalling (10 years around 2.8322%) despite flattening curve remains all driven short term unclear market environment.

EUR supports with cross demand, GBP weakens after CPI data but rebound off the lower ahead of today’s retail sales data.

Oil, Aluminum, Nickel price higher also supporting the commodity currencies in general.

AUD higher after Job data and further short covering and lagged move effect.

Today US initial jobless claims, Philadelphia Fed Manufacturing Survey, leading indicators, Fed’s member Quarles and Mester speech as well as stock/bond market move will dominate the intraday action. Risk sentiment and cross position movement will remain major action.

Hantec Global

Ready to start trading?

Open an Account Try Demo

  • Start Forex Trading with Hantec Global now


  • SUBSCRIBE to Hantec Global Newsletter