Skip to content 
Instrument: USDCAD
Bullish Preference:
A Buy position is envisaged if the price trades above 1.37271 with take profit at 1.37377.
Bearish Preference:
A Sell position is envisaged if the price trades below 1.37154 with take profit at 1.37038.
Fundamentals:
1:30 pm
CAD Core retail sales m/m
Retails sales m/m
USD FOMC Member Harker speaks
Federal budget balance
Comment:
Canadian inflation slowed to an annualized 3.8% in September, marking the end of a two-month surge in price pressures across sectors such as travel services, durable goods, and groceries, according to the Bank of Canada’s Business Outlook Survey and Consumer Expectations report.
Jerome Powell said yesterday in his speech that they are committed to returning inflation to 2 percent over time. Turning to monetary policy, the FOMC has tightened policy substantially over the past 18 months, increasing the federal funds rate by 525 basis points at a historically fast pace and decreasing our securities holdings by roughly $1 trillion.
Analysis: SCRUM Team
