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USDCAD at a moment of truth?

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Interesting articles form a few days ago how markets are underestimating a rate cut from the BOC in relation to fears of NAFTA. Also concerns about rising bond yields and canada's fragile housing sector. Well worth keeping in mind. Added some charts too. Rate decision on the 7th and markets will want to know the BOC governors concerns on rising yields.

Dont forget a speech by the governor is to be made Tomorow or MONDAY 28TH so may be volatile.

Notice below on the bloomberg chart how bond yields have decreased along with a depreciating with the Loonie, but very recently a significant spike has occurred with yields. Also chart of WTI, DX AND USD CAD together. CFTC DATA ALSO BELOW LAST 6M

 

http://business.financialpost.com/news/economy/a-bank-of-canada-rate-cut-is-more-likely-than-markets-think-economists-warn

 

http://business.financialpost.com/investing/heres-what-the-market-wants-to-hear-from-poloz-ahead-of-bank-of-canada-interest-rate-decision?__lsa=0997-e9d5

 



 

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