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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. Meanwhile, broader markets will look at development in overall risk sentiments. European indexes are trading
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Australian Q3 inflation data is due Wednesday 27 October 2021 at 0030 GMT  For the headline: Core inflation: Trimmed mean expected 0.5% q/q, prior 0.5% expected 1.8% y/y, prior 1.8% For the weighted median, another measure of core inflation. expected 0.5% q/q, prior 0.5% expected 1.9% y/y, prior was 1.7% Short preview post here from yesterday.  Via NAB:  the risks
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Dollar keeps more mixed amid light changes across the board EUR/USD is resting within a 18 pips range so far today and is now trading around 1.1610 as price action remains more sticky with little for traders to work with on the session. There are large expiries seen around 1.1600 this week for the pair
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The surge in electricity price has haunted the Eurozone since the last ECB meeting. Meanwhile, heightened inflation expectations have moved forward market pricing of the first post-pandemic rate hike to end-2022, significantly ahead of the central bank’s estimate. We expect policymakers to make use of the October meeting to address these issues, although the monetary
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HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do
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As further QE tapering to CAD 1B/week has been fully priced in, the focus of this week’s BOC meeting is the forward guidance on rate hike. The market has priced in 3 rate hikes in 2022. We expect the central bank to maintain the guidance that a rate hike would come when “economic slack is
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