Tag - cad - canadian dollar

USD/CAD is over 1.21 after BoC
USD/CAD is over 1.21 after BoC

The Bank of Canada decided to keep the current policy unchanged as widely expected. However, the bank did not mention anything about tapering again in July.

Eyes on Bank of Canada's decision today
Eyes on Bank of Canada's decision today

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.

Will the CAD strengthen more?
Will the CAD strengthen more?

The Bank of Canada releases a monetary policy statement with an update on the interest rate on June 9, at 17:00 MT time.

Trade ideas on June 7-11!
Trade ideas on June 7-11!

Don’t expect to relax after a super volatile previous week! The market is getting ready for yet another roller-coaster!

USD/CAD trade is in profit
USD/CAD trade is in profit

USD/CAD managed to advance further yesterday breaking above 1.21, reaching as high as 1.2128 earlier today, while our long signal that was issued at 1.2060 is now in profit with over +60 pips.

USD/CAD Showing Some Life Finally
USD/CAD Showing Some Life Finally

USD/CAD managed to bounce off its support area mentioned in our previous report at 1.2060’s and continued to rise throughout yesterday’s trading reaching as high as 1.2141

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