Ikhtisar:Bank of Canada(BOC) expects to cut interest rate continuously. So retail investors should pay attention to a bearish USD/CAD.
WikiFX News (12 July), Bank of Canada(BOC) expects to cut interest rate continuously. So retail investors should pay attention to a bearish USD/CAD.
The market estimated that BOC may keep reducing the interest rate from the late April. And the CAD got better supported by the surge in global stock and energy market. Market estimates that BOC has one percent chance to lower interest rate by 25 basic points.
In terms of USD/CAD, the latest retail investor sentiment report manifests that the recent net long positions account for 54.34%, with a long-short ratio of 1.19:1. From the opposite perspective of retail sentiment, bullish retail investors mean USD/CAD may keep dropping.
The above information is provided by WikiFX, a world-renowned foreign exchange information query provider. For more information, please download the WikiFX App: bit.ly/WIKIFX
Disclaimer:
Pandangan dalam artikel ini hanya mewakili pandangan pribadi penulis dan bukan merupakan saran investasi untuk platform ini. Platform ini tidak menjamin keakuratan, kelengkapan dan ketepatan waktu informasi artikel, juga tidak bertanggung jawab atas kerugian yang disebabkan oleh penggunaan atau kepercayaan informasi artikel.