by Ryan Littlestone | July 11th, 2018, 10:37:24 | Bank of Canada, Central Banks, News
With the market pricing in a near 100% chance of a BOC rate hike today, do we have anything left to trade? When looking to trade central bank events I like to leave things until the last moment. Why? I have to see how the price has developed. In the case of the BOC...
by Ryan Littlestone | June 8th, 2018, 12:01:56 | Technical Analysis
USDCAD is back into 1.30 as the volatility continues Not two days ago we were down around 1.2850, and that itself came swiftly after hitting the 1.3060’s. Volatility is still raging in the loonie. As per the GWTF post today, and discussions we’ve had in...
by Ryan Littlestone | May 30th, 2018, 14:01:22 | Bank of Canada, Central Banks, News
Highlights from the Bank of Canada monetary policy meeting 30 May 2018 Prior 1.25% Drops reference to being cautious on rates Higher rates will be warranted to keep inflation near target Will continue to assess economy’s sensitivity to rate movements Bank of...
by Ryan Littlestone | May 18th, 2018, 12:31:26 | Canada, Economic Data, News
April 2018 Canadian CPI inflation data 18 May 2018 Prior 2.3% 0.3% vs 0.4% exp m/m. Prior 0.3% Core common 1.9% vs 2.0% exp y/y. Prior 1.9% Core trim 2.1% vs 2.0% prior y/y Core Median 2.1% vs 2.1% prior y/y. Revised to 2.0% BOC core 1.5% vs 1.4% prior y/y 0.1% vs...
by Ryan Littlestone | May 18th, 2018, 10:09:56 | Canada, News
Canadian CPI and retail sales data could be volatile for CAD ahead of next week’s BOC meeting Trading central banks is all about the “expectation”. The market’s expectations are reflected in the price moves and trends, and the BOC trade has...