Raising Rates by 75 Points in 1994 and 2022, is There Any Difference?
Powell wants a soft landing for inflation, as Greenspan did in 1994. But it looks like he will get a hard landing.
Eyes on Bank of Canada's decision today
2021-06-09 • Updated
H4 chart
D1 chart
All eyes are headed toward the Bank of Canada today. Estimates point to no change both for the main rate and the ongoing QE which stands at $3B weekly. Moreover, the bank is likely to keep the forward guidance unchanged, while delaying the 2nd round of tapering until July. Our USD/CAD longs from 1.2060 are already in profit and it would be wise to move the stop to entry ahead of the decision to protect the current positions from any possible loss. On the upside view, the technical indicators are improving gradually, while we maintain our target for the current positions at 1.2145 followed by 1.22.
|
S3 |
S2 |
S1 |
Pivot |
R1 |
R2 |
R3 |
|
1.2008 |
1.2054 |
1.2082 |
1.2100 |
1.2128 |
1.2146 |
1.2192 |
Similar
How to Trade on FOMC Press Conference?
What will happen? FOMC press conference is among the primary methods the Fed uses to communicate with investors regarding monetary policy…
Stock Market Drops. Will Correction Continues?
The US broad-market index, S&P 500, has been pressed below the 50-day moving average for the first time since March! Why?
Latest news
What to Trade on July 4-8
Last week was bearish for risky assets such as stocks, oil, gas, and crypto. Will the upcoming week change the situation across the markets? Let’s look at it in detail!
When Will the US Stocks Bear Market Bottom?
US stocks have delivered their worst first half of a year in more than 50 years triggered by the Fed's attempt to control inflation and growing concerns about recession.
The Dollar's Strength or Other Currencies' Weakness?
The value of the US dollar continues to rise, but is this because of the strength of the dollar itself or just the weakness of the euro, Japanese yen, and British pound? Since the beginning of the year, the US dollar index has been up 8…
