Following the Canadian CPI report and related FOMC minutes, the Canadian dollar remained unchanged from its base of 1.3700. In case you missed the data, both headline and core inflation are down slightly, potentially leading the Bank of Canada (BoC) to take a more neutral/accommodative stance.
Central bank governor Tiff Macklem is speaking out, and given his recent comments that minimal growth and inflation are now easing, the message of caution may be clear. Currently, the foreign exchange market predicts that interest rates will be cut by a cumulative 80 basis points by December 2024, and that monetary easing will begin around April to June.
PTKT: Given the decline in the Canadian dollar, investors can resort to a “buy NZDCAD” strategy at the current price, stop loss 0.8220 and target 0.8350.
Central bank governor Tiff Macklem is speaking out, and given his recent comments that minimal growth and inflation are now easing, the message of caution may be clear. Currently, the foreign exchange market predicts that interest rates will be cut by a cumulative 80 basis points by December 2024, and that monetary easing will begin around April to June.
PTKT: Given the decline in the Canadian dollar, investors can resort to a “buy NZDCAD” strategy at the current price, stop loss 0.8220 and target 0.8350.
Comentário:
Follow telegram to receive more signals
Comentário:
Bank holiday bull market
Comentário:
Follow telegram to receive more signals
Free Signals : t.me/mastercurrencyforex
