CAD strengthens on BoC ‘more balanced’ comments

Bank of Canada leaves key rate unchanged at 0.75 % BoC: Inflation in Canada has fallen as expected, reflecting the significant drop in oil prices BoC: Canadian economic growth in t …
0 Comments Read more →

USD/CAD – Weak bounce off 1.24

1.24 support held on the first test However, the bounce has been rather weak WTI has recovered now, after showing a divergence with Brent on the hourly Techs suggest further CAD st …
0 Comments Read more →

USD/CAD remains very well bid; 1.27 eyed by Milan Cutkovic

USD/CAD had a brief dip below 1.2550 yesterday on rumors that OPEC may hold an emergency meeting amid the on-going decline in Oil That turned out to be a false rumor and the move w …
0 Comments Read more →

UBS & Citi recommend buying USD/CAD

After Barclays issued a long USD/CAD recommendation (http://www.forextell.com/category/fx-trade-ideas/), Citibank and UBS are joining. CitiFX Strategy: Long USDCAD at 1.2546 with a …
0 Comments Read more →

USD/CAD retraces amid rally in Oil

via Citibank: Most people wil accept that moves in CAD & oil  are well correlated. Over the past year, the R2 is 0.82. Simplistically, USDCAD would appear to be too high by a …
0 Comments Read more →

Highlights from the Bank of Canada statement

Why the BoC just cut rates by 25 bps: This decision is in response to the recent sharp drop in oil prices, which will be negative for growth and underlying inflation in Canada. Tot …
0 Comments Read more →

Bank of Canada cuts main rate by 25 bps!

Surprise rate cut by the BoC Key rate lowered to 0.75 % from 1.00 % prev USD/CAD breaks above 1.22 The post Bank of Canada cuts main rate by 25 bps! appeared first on www.forextell …
0 Comments Read more →

USD/CAD extends gains above 1.15 by Milan Cutkovic

USD/CAD broke above 1.15 resistance and extened gains to 1.1537 Main factors are declining oil prices and stronger US retail sales data earlier Dealers report decent offers into 1. …
0 Comments Read more →

USD/CAD Flows Update

from Citibank: Good CAD trade numbers, bad US ones, plus a general pullback in the USD. And still USDCAD, like Tom Petty, won’t back down. Is this going to prove a case of what w …
0 Comments Read more →

Barclays looking for further gains in USD/CAD

The Loonie has been under pressure in the past few sessions amid declining Oil prices Oil got hit badly this morning after Saudi-Arabia announced that it would cut prices for the U …
0 Comments Read more →