Intraday Market Thoughts

BoC Sticks to Tightening Projection, Latest Premium Insights

by Ashraf Laidi
Jul 18, 2012 15:37

The loonie shows more broadening strength in its weekly stochastics vs. USD & JPY, after the Bank of Canada continues to see GRADUAL interest rate hikes through 2014. Although the BoC lowered its growth outlook , it kept the door open for a rate hike. The BoC is now the only major central bank to not having entered an easing bias in fact it is the only one maintaining a hawkish bias. This is paving the way for selling the bounce in USDCAD in the medium term as well as buying the dip in CADJPY also in the medium term (weekly charts). Todays Premium Insihts include ideas on USDCAD, with new trades on EURUSD, EURJPY, AUDUSD, gold, silver and oil. Click here for direct access: Non Subscribers click here:


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