Free Trial
SCHATZ TECHS

(Z2) Key Resistance Is Seen At The 50-Day EMA

EURUSD TECHS

Trend Needle Points North

AUSSIE BONDS

Local Data Vs. Geopolitics

BOBL TECHS

(Z2) Still Trading Above Support

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

EXECUTIVE SUMMARY

  • The Bank of Canada is widely expected to hike its overnight rate 75bps to 2.25% on Wednesday in precedent set by the Fed last month as it again ramps up the pace of rate hikes.
  • The statement and following Monetary Policy Report press conference are expected to continue the hawkish language from June when it first opened the option of acting “more forcefully”.
  • However, with a 75bp hike more than fully priced and with some analysts not ruling out a 100bp hike, the Bank will have to be particularly hawkish to satisfy markets, focusing more on rampant increases in inflation, high measures of surveyed inflation expectations and household balance sheet resilience to hikes and less so on slowing economic growth and the rolling over in housing market activity in particular.

PLEASE FIND THE FULL NOTE HERE:

BOCPreviewJul2022.pdf

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.