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Positioning And Momentum Trump Interest Rate Considerations
Article By:
Marc Chandler
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Sunday, June 13, 2021 10:06 AM EDT
The US 10-year yield fell last week to its lowest level in three months, and the weekly decline was one of the largest in the past year. The implied yield of the December 2022 Eurodollar futures contract slipped almost 33 bp.
USD/CAD To Track June Open Range As Post-BoC Bounce Fizzles
Article By:
David Song
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Thursday, June 10, 2021 2:48 PM EDT
The IG Client Sentiment Report shows 76.95% of traders are still net-long USD/CAD, with the ratio of traders long to short standing at 3.34 to 1.
ECB Meeting And US CPI: Transitory Impact
Article By:
Marc Chandler
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Thursday, June 10, 2021 7:05 AM EDT
The ECB meeting and the US May CPI report is at hand. The US dollar is consolidating at a higher level against most of the major currencies. Softer than expected, inflation readings are weighing on the Scandis, which are bearing the brunt.
Canada Builds The Case For Higher Rates
Article By:
ING Economics
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Wednesday, June 9, 2021 1:18 PM EDT
The Bank of Canada left policy unchanged but offered hints that we should expect further QE tapering soon with a rate hike firmly on the agenda for the second half of next year.
In this article: EWC
Without Yield Support, The Dollar Wilts
Article By:
Marc Chandler
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Wednesday, June 9, 2021 6:58 AM EDT
Falling US yields weigh on the US dollar. The 10-year Treasury yield is flirting with the 1.50% mark, and the greenback is trading heavily against all the major and most emerging market currencies.
The Greenback Steadies After Retreating On The Jobs Data
Article By:
Marc Chandler
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Monday, June 7, 2021 7:15 AM EDT
After falling to 1.55% after the US employment data, which, while mixing expectations, could hardly be considered weak, the US 10-year yield has come back firmer today (1.58%) This may be lending the greenback a better tone.
Trading Support And Resistance - Sunday, June 6
Article By:
Daily Forex
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Sunday, June 6, 2021 12:44 PM EDT
The Forex market showed a decrease in its level of volatility last week, with only 4% of the important currency pairs and crosses again moving by more than 1% in value. However, volatility is likely to rise over the coming week.