With all of the geopolitical developments that occurred over the past two weeks there hasn’t been a lot of focus on the Canadian Dollar.
This week there are two economic events that can provide us with an opportunity to trade the CAD:
1. The first one is Retail Sales
2. The second and more important one is the release of the BOC’s Business Outlook Survey.
This survey is usually very important to the market as the BOC pays very close attention to the survey results when they make their monetary policy decisions.
There are always a couple of external risks that can impact the CAD this week.
In this week ahead video we discuss our currency bias for the CAD and also help you to prepare for the upcoming risk events.
Highlights of the video:
00:26 – Baseline context for the CAD
02:22 – Baseline expectations for the upcoming risk event
04:28 – Possible sentiment shifts
06:15 – Possible currency pairs to consider 08:06 – Learn more about phase one and two sentiment shifts
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