Free Trial
US STOCKS

Late Equity Roundup: Mildly Lower on Week

USDCAD TECHS

Remains Above The 50-Day EMA

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
CANADA
  • ING had been expecting a 25bp hike today and now sees a hike in March instead.
  • The BoC acknowledged overall “economic slack [is] now absorbed” and that “the labour market has tightened significantly”.
  • ING sticks with its call for at least 4 hikes in 2022 with risks skewed towards more as they see inflation being stickier than the BoC expects “given supply chain strains and labour market shortages are showing little sign of easing”.
  • They see USDCAD staying on a downtrend for the rest of the year to hit 1.22 in 4Q22 “assuming oil prices remain resilient and the global risk sentiment picture stabilises after the recent jitters”.

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.