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Thread: Canada Fundamental

  1. #1
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    Canada Fundamental

    Canada is a country neighboring with USA, this country currency (loonie) know as a commodity currency..Looney ussually have same trend with price of Oil

    Lets talk about canada fundamental here

  2. #2
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    Re: Canada Fundamental

    USD / CAD Clinging to Parity, Attention for BOC
    loonie hovering above the parity rate against other currencies on Tuesday, ahead of BoC interest rate decision to be released later. Previous survey expect the central bank to leave the benchmark lending unchanged at 1.0% despite the hawkish sentiment terakhhir inspired by Governor Carney and powerful data recently in the Canadian economy.

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    Re: Canada Fundamental

    Tuesday, 17 April 2012

    News and Economic Review Canada

    Bank of Canada left interest rates unchanged at 1.00%


    Canadian bank left its benchmark interest rate unchanged for consecutive meeting on 13 April, he said on Tuesday.

    In a statement, the central bank said it left the overnight cash rate unchanged at 1.00%, in line with expectations.

    The central bank said in a statement accompanying the rate, "Given the reduced slack in the economy and inflation is stronger, a simple withdrawal of monetary stimulus large enough it may be appropriate."

    "Time and the withdrawal will be weighed carefully against domestic and global economic development," continued the statement.

    According to BOC, the profile of world economic growth has increased since it released the January Monetary Policy Report.

    Europe is expected to emerge slowly from recession in the second half of 2012, U.S. economic growth profile for a little more robust, while economic activity in emerging-market economies is expected to moderate to a still robust pace over the projection horizon.

    Overall, the economic momentum in Canada is a little bit faster than the Bank had forecast in January. External headwinds facing Canada has eased slightly, with the condition of the U.S. recovery is more resilient and more financial support than previously anticipated.

    The report added that the overall economic outlook for Canada's central bank has slightly improved since January.

    Bank projects that the economy will grow by 2.4% in both 2012 and 2013 prior to moderate to 2.2% in 2014.

    After the release of the data, the Canadian dollar added to strong gains against its U.S. counterpart, with USD / CAD falls 0.81% to trade at 0.9914. (AR)

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    Re: Canada Fundamental

    BoC decided to keep a low interest rate (1.0 in their policy meeting on Tuesday. Howeve in the following statement, BoC policymakers sounded more hawkish than investors expected. The prospects of "higher borrowing costs" shopuld become appropriate in the near future was very welcomed by the market, pushing CAD up.

  5. #5
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    Re: Canada Fundamental

    CAD has taken advantage of the BoC's intention to raise the borrowing costs in the near future. USD/CAD is now trading in the range (0.9882 - 0.9915).

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    Re: Canada Fundamental

    Investors preference for USD as a safe-investment and persistent uncertainty (which in turn hurts the commodity markets) has limited CAD uptrend.

    The USD/CAD is trading at 0.9907 as the USD gained strength again today. There was little in the way of supportive eco data on either side of the border. Spain and Italy are becoming the larger focal point and investors are returning to the USD.

    The Canadian government said it will auction on Thursday C$3.8 billion (US$3.8 billion) of 7-day treasury bills. The bills will be dated and issued Thursday and will mature April 26. Tenders must be received no later than 10:30 a.m. EDT (1430 GMT) Thursday.

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    Re: Canada Fundamental

    News and Economic Review of Canada

    USD / CAD Data, Attention Center in IHK
    Friday, Apr 20 2012,
    FXstreet.com (Barcelona) - After a rally yesterday from the area rose above 0.9880 to 0.9960, the pair is now trapped in a narrow range bounded by 0.9943 and 0.9956, ahead of inflation figures in Canada's economy, which will released later in the afternoon Europe. Market consensus expects a small decline in the figures.

    Considering that earlier in the week, the BOC has allowed non-standard changes, and hints at changes to a more hawkish attitude, allowing the strong fundamentals of Canada and an increase in its neighbor.

    At the time of writing, USD / CAD at 0.9947 lower drowning or -0.03%, have immediate support at 0.9875 (lower Bollinger) followed by 0.9865 (low 17 April) and 0.9861 (low 19 March ) and 0.9849 (low 2 March).
    A breakthrough towards 0.9960 (21 day MA) takes 0.9970 (MA 10 days) and 1.0012 (17 April high) and 1.0033 (16 April high).

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    Re: Canada Fundamental

    Core inflation fell much lower compared to the previous time last year. CPI BoC core y/y dropped to 1.9% as expected from 2.3% and CPI BoC core m/m inched lower to 0.3%, from 0.4% as expected. CAD still remained on the positive side, USD/CAD has been traded around $0.9920 since the economic release.

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    Re: Canada Fundamental

    Earlier data today showed that Canadian retail sales came in below expectations.Retail Sales M/M came in at -0.2% in February from a 0.2% revised (previously 0.5 versus consensus for 0.1%. Retail Sales ex Auto M/M rose to 0.5% from -0.5% against expectations for 0.6%. Despite this data CAD remained in positive territory when seen against its peers.

  10. #10
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    Re: Canada Fundamental

    The USD/CAD fell to 0.9836 as the greenback fell against most of its trading partners today.
    With the FOMC rate decision and statement due later today, many investors have been positioning themselves on expectations from the Fed.
    Others are beginning to worry about the stall in the US recovery after a slew of lackluster and negative eco data. Compounded today, by the Durable Goods report which showed orders for U.S. goods sank 4.2% in March, largely because of fewer booking for commercial aircraft, the Commerce Department reported Wednesday. Economists had expected orders to fall by 2.9%

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