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Hello Everyone,
FX Markets widely agree on one thing: Governor Stephen Poloz won't raise rates today.
This will keep rates unchanged at 1.25 %.
Major negative point against raising rates is: Canadian Q4 GDP, at 1.7% annualized, was below the Bank of Canada’s estimate of 2.5%.
On the other hand, major positive point in favor of raising rates is : core inflation continues to trend higher, with two of the BoC’s three measures up to 1.8%, with the third at 1.6%.
I stand with BULLS as I foresee dovish stance by BoC.
Also, NAFTA demise could mean double-digit CAD depreciation.
Good luck with your trades !!!!!!!
FX Markets widely agree on one thing: Governor Stephen Poloz won't raise rates today.
This will keep rates unchanged at 1.25 %.
Major negative point against raising rates is: Canadian Q4 GDP, at 1.7% annualized, was below the Bank of Canada’s estimate of 2.5%.
On the other hand, major positive point in favor of raising rates is : core inflation continues to trend higher, with two of the BoC’s three measures up to 1.8%, with the third at 1.6%.
I stand with BULLS as I foresee dovish stance by BoC.
Also, NAFTA demise could mean double-digit CAD depreciation.
Good luck with your trades !!!!!!!
