Bank Of Canada (BoC)

Image via Bank of Canada In the past few weeks, the Canadian Dollar was one of the top performing currencies against the US Dollar. Despite the fact that Crude Oil has been declining, the Canadian Dollar managed to post the highest level…
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Despite the recent developments in Europe, especially in the UK, Manchester attack, and raising the level of security in the UK, markets have been trading with low volume. Moreover, the European session today was quiet amid a lack of…
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USD Index at Critical Support As the political drama continues in the US regarding repealing and replacing ObamaCare, the US Dollar remains the victim side by side with equities. However, the US Dollar Index is finally on the edge of…
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The Bank of Canada, at its monetary policy meeting yesterday decided to hold the interest rates steady at 0.50%, as widely expected. Stephen Poloz, the BoC's governor, said that there were significant uncertainties that weighed out the…
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Trump’s Speech Overview After long hours of waiting, the US President Donald J. Trump gave his speech, which was clearly the most optimistic presidential speech since the elections. Staying away from attacking countries and the media was…
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The week ahead will be busy with lots of Tier I data coming out as the markets move into a new trading month. Dominating headlines will be the president Trump's address to Congress alongside Janet Yellen's speech that is scheduled for on…
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USD Declines Further The US Dollar Index failed to break above 101.70 resistance area this week, moving per our plan mentioned in our previous reports earlier this week. The Index slides back all the way to 100.80’s earlier this morning,…
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The Bank of Canada, in its first monetary policy meeting this year maintained the key overnight lending rate steady at 0.50%. The BoC's monetary policy decision to keep interest rates steady was widely expected. The central bank had last…
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Latest inflation report from Statistics Canada released on Thursday showed that the total CPI declined 0.4% on the month pushing the 12-month pace to 1.2% in November, down from 1.5% previously. The decline in inflation was larger than the…
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After the RBA decision yesterday, which had a notable impact on the Aussie, another day comes in with few economic releases during the European and the US session, which may have only a slight impact on the markets. However, the most…
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