Hawkish BOC Ends QE. May Hike Interest Rate in 2Q22 the Earliest
The BOC surprised to the hawkish side at the October meeting. Policymakers announced to end the QE program and begin the reinvestment process, compared with consensus of a reduction to the weekly purchase of CAD1B. While leaving the overnight rate...
Bank of Canada Ends Quantitative Easing Program
The Bank of Canada surprised markets today by reducing its bond purchase program from $C2 billion per week to C$0, ending its Quantitative Easing Program. Expectations were that the BOC would cut bond purchases in half, by lowering them to...
BoC Ends QE, Advances Rate Hike Timing
BoC switching to reinvestment phase of QE Economic slack to be absorbed around mid-2022 Guidance puts April rate hike on the table Strong inflation data and growing concerns about the persistence of price pressures intensified focus on today’s Bank of...
GBPJPY Sellers Struggle to Amplify Price Pullback
GBPJPY is currently finding its feet around a support barrier shaped between the 156.00 handle and the highs reached in late May and early June. Even though the 100- and 200-period simple moving averages (SMAs) are defending the positive structure,...
Yen Recovers as Markets Extend Corrective Pattern
The forex markets are extending near term corrective moves today, with Yen turning slightly stronger, followed by Swiss Franc. Canadian Dollar and Sterling are the weaker ones, followed by Dollar. The Loonie will look into BoC policy decision for guidance....
Gold Eases After Failing To Hold Gains Above $1800, Weighed By Expectations For Start Of Reducing Stimulus And Rate Hike
Spot Gold eases after repeated failure to sustain gains above psychological $1800 barrier, with rising expectations that the US Federal Reserve could finally announce the start of reducing stimulus in its Nov 3 policy meeting and market participants operating with...
Mortgage rates rise to an 8-month high, tanking refinance demand
Real estate agents arrive at a brokers tour showing a house for sale in San Rafael, California. Getty Images Mortgage rates have been on a tear this month, rising yet again last week to the highest level in eight months,...
Canadian Dollar Retreats Ahead Of The BOC Interest Rate Decision
The relentless rally of US equities continued in the overnight session as investors remained optimistic about the earnings season. The S&P 500 soared to a record high of $4,570 while the Dow Jones rose to more than $35,742. Some of...
AUD Mildly Higher after CPI, CAD Consolidates as BoC Awaited
Australian Dollar rises broadly today with support from strong inflation data. But upside is capped by mildly negative investment sentiment in Asia. While DOW and S&P 500 made new records overnight, there is no follow through in risk-on sentiment. Overall...
Investors pour money into Chinese start-ups despite regulatory crackdown
Aerial view of vehicles being driven on the road through the central business district on October 5, 2020 in Beijing, China. Zhang Qiao | Visual China Group | Getty Images BEIJING — Global investors put more money into Chinese start-ups...
Signal2forex.com - Best Forex robots and signals




