Forex
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CAD: Risk-Reward Into Next Week’s BoC Meeting – BNPP
BNP Paribas Research expects the Bank of Canada (BoC) to deliver a 25bp rate hike at next week’s meeting.
"Rates markets are pricing in an 88% chance of a rate hike at the meeting and a nearly 70% chance Read More →
Dollar on defensive ahead of NFP
The dollar slipped lower on Thursday after a bout of softer-than-expected U.S. labor market data, which dampened expectations for an accelerated pace for raising interest rates by the Federal Reserve.
The greenback was already on the defensive after Wednesday's Read More →
AUDJPY – Aussie Dollar To Test 86.50 Vs Japanese Yen?
Key Points
- The Aussie Dollar is mostly ranging above the 85.70 support area against the Japanese Yen.
- The AUDJPY pair recently broke a bearish trend line with resistance at 86.00 on the hourly chart.
- Today in Japan, the Leading Economic Read More →
EURJPY – Euro Might Trade Above 128.80 Vs Japanese Yen
Key Points
- The Euro is following a bullish path above 128.00 against the Japanese Yen.
- There is a key contracting triangle pattern with resistance at 129.00 forming on the hourly chart of EURJPY.
- Today in the Euro Zone, the Factory Read More →
