Looming Break in Canadian Dollar After BOC Hike: USD/CAD, EUR/CAD, GBP/CAD Price Setups

The Canadian dollar may have just received the boost to extend gains against some of its peers, thanks to the Bank of Canada’s (BOC) hawkish hike on Wednesday. What is the outlook for USD/CAD, GBP/CAD, and EUR/CAD?

from DailyFX – Market News https://ift.tt/4YepD8k
via IFTTT

Australian Dollar Holds Ground as Market Looks to the Fed after BoC Hike

The Australian Dollar consolidated today after a bumpy ride through the Bank of Canada rate hike along with other currency pairs as the market contemplates a surprise lift by the Fed next week.

from DailyFX – Market News https://ift.tt/JmPXpvD
via IFTTT

Asia Day Ahead: Higher Treasury yields triggered profit-taking in Nasdaq overnight

A quiet US economic calendar overnight shifted much of the market focus to Bank of Canada (BoC), who became the second central bank to deliver a hawkish surprise this week.

from DailyFX – Market News https://ift.tt/dGFVQrB
via IFTTT

Crude Oil Outlook Muddied by Interference and Low Vol. Where to for WTI?

Crude oil prices consolidated going into Thursday after a bumpy start to the week as markets reassess the outlook when monetary policy is stagnant. Will the range break for WTI?

from DailyFX – Market News https://ift.tt/S94JqE0
via IFTTT

Dow Jones Gains, Nasdaq 100 Sinks as Major Bond Yields Soar Amid Surprise Rate Hikes

The Dow Jones gained while the Nasdaq 100 sank amid rising government bond yields in the developed space following unexpected rate hikes this week. Will the mood sour further ahead?

from DailyFX – Market News https://ift.tt/KSL4kbI
via IFTTT