Canadian Dollar Rate Forecast: Markets Set For Probable BoC Rate Hike
The Canadian Dollar has recently strengthened on the back of aggressive US Dollar selling to open 2018 as markets brace for a ~85% chance of BoC hike.
The Canadian Dollar has recently strengthened on the back of aggressive US Dollar selling to open 2018 as markets brace for a ~85% chance of BoC hike.
The combination of current sentiment and recent changes gives us a stronger EURUSD-bullish contrarian trading bias.
Cryptos are selling off hard this morning, with Bitcoin putting pressure on significant support; Litecoin support under siege too, while Ethereum working on trend-line break.
The German benchmark is finding it difficult to breakout to higher ground with the weight of the euro on its back, but if currency strength subsides buyers could come back.
The combination of current sentiment and recent changes gives us a stronger USDJPY-bearish contrarian trading bias.
The combination of current sentiment and recent changes gives us a stronger Bitcoin-bearish contrarian trading bias.
The value of Bitcoin and other cryptocurrencies has plummeted on the day, and our IG Client Sentiment data warns BTCUSD and others may continue lower.