CAD news

Moderators: mrtools, xard777, Jimmy

Re: CAD news

#1
Heads up: BoC Rate Statement due in just under 2 hours forecasted a rate raise of 25bps to 1.50% (Bullish CAD).

Most CAD pairs eagerly awaiting the decision to continue movement.

EURCAD
EURCAD (240 Minute) 2018_07_11 (10_13_36 PM).png
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Re: CAD news

#2
Jimmy wrote:
Wed Jul 11, 2018 10:09 pm
Heads up: BoC Rate Statement due in just under 2 hours forecasted a rate raise of 25bps to 1.50% (Bullish CAD).

Most CAD pairs eagerly awaiting the decision to continue movement.

EURCAD
EURCAD (240 Minute) 2018_07_11 (10_13_36 PM).png
CADCHF went bullish 29 pips first 15 minutes.nice prediction jimmy

Re: CAD news

#3
frankfoot75 wrote:
Thu Jul 12, 2018 1:01 am
CADCHF went bullish 29 pips first 15 minutes.nice prediction jimmy
Cheers bro. Hope you caught that move :thumbup:
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Re: CAD news

#5
vvFish wrote:
Thu Jul 12, 2018 2:59 am
;)
Beautifully done Mr. Fish!
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Re: CAD news

#6
Jimmy wrote:
Thu Jul 12, 2018 3:03 am
vvFish wrote:
Thu Jul 12, 2018 2:59 am
;)
Beautifully done Mr. Fish!
Thank you.
Good luck to you too.

:shh:
"Only the price on the chart can show the entrance to the deal..."

Re: CAD news

#8
Yes, many CAD-pairs (too lazy to look at all of them ;) showed pretty nice move possibility in CAD-favor and TL-bouncing on M15, but the counter-movement on USDCAD was pretty awesome.
CAD InterestRateRaise 20180711.png

Re: CAD news

#9
frankfoot75 wrote:
Thu Jul 12, 2018 4:34 pm
vvFish wrote:
Thu Jul 12, 2018 2:59 am
;)
Hello,what is this AE ?Can you share please?thanks in advance
this is a manual trade.
the advisor only puts a break-even and trawls profit
"Only the price on the chart can show the entrance to the deal..."

Canada data due today - August retail sales

#10
In addition to inflation data there are also retail sales data due from Canada Friday 19 October 2018

- Data due at 1230GMT
- Inflation data due from Canada on Friday - previews


A couple of previews of the retails data:

HSBC
We expect retail sales to decline in August through a combination of small declines in retail prices and retail sales volumes. Overall, we look for retail sales to decline by 0.2% month-on-month. With motor vehicle sales expected to rise by 0.3% month-on-month, we look for retail sales excluding autos to decline by 0.4% month-on-month. We expect retail sales prices to drop by 0.1%, largely due to an expected 1.0% decline in gasoline prices. Thus, real retail sales are expected to decline by 0.1%, with a 0.2% rise in real motor vehicle sales being offset by a decline in real retail sales excluding autos

RBC
We see a 0.2% m/m decline in nominal retail sales in August. This is driven by expected declines of about 1% m/m apiece for both gasoline station receipts (on lower prices) and auto sales. Excluding those two items, core sales should rise 0.2% m/m, but the risks are to the downside, as it was up 2.3% cumulatively in the three months to July. Retail volumes are expected to match the 0.1% m/m decline seen in July. Such an outcome would leave them up 1.9% annualized in Q2, which matches our consumption forecast for the quarter.

header_canadaday3.jpg
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