OctaFX | OctaFX Forex Broker
साईन इन
ओपन अकाउंट
Back

BoC: Commitment to further policy normalisation continue to percolate - Westpac

According to Richard Franulovich, head of FX strategy at Westpac, doubts about the BoC’s commitment to further policy normalisation continue to percolate but only a very bare +12bp in BoC hikes are now priced over their next six meetings to September 2019.

Key Quotes

“Its a material decline from two months ago when rates markets discounted +70bp in BoC hikes over the same period.”

“USD/CAD has declined sharply in the new year pricing in some of the aforementioned positives but suspect it has further to run in H1, a test of key lows just below 1.28 (Oct 2018) on the cards. Recommended selling EUR/CAD earlier this week.”

Gold Technical Analysis: Breaks below recent consolidative range, bears likely to aim at $1280 level

   •  Having repeatedly failed to make it through the $1295 supply zone, renewed US-China trade optimism prompted some fresh selling and dragged the p
अधिक पढ़ें Previous

Canada: Headline CPI to hold at 1.7% y/y in December - TDS

Analysts at TD Securities are looking for Canada’s headline CPI to hold at 1.7% y/y in December with prices down 0.4% on the month, in line with marke
अधिक पढ़ें Next
Start livechat