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  • Editor’s Picks / Friday at 16:48 GMT

    Next country with negative rates could be… Canada?

    In the wake of recent rate cuts by the Bank of Japan and the Swedish central bank, the U.S. Federal Reserve Chair Janet Yellen told lawmakers that she was keeping her options open on the possibility of it introducing negative rates, writes Katy Barnato. However, analysts say there are major central banks in addition to the Fed that may opt to go negative.The Bank of Canada is the most likely of the major central banks to opt for negative rates this year or next, Marc Chandler, the head of foreign exchange markets strategy at BBH, told CNBC on Friday.
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  • 1d
    Michael O'Neill Michael O'Neill
    Heres the latest USDCAD forecastz
    1d
    John Shaw John  Shaw
    Interesting that Credit Suisse, ING and JP Morgan have it much higher than the others.
    How accurate are these guys Mike in their forecasting?
    1d
    Michael O'Neill Michael O'Neill
    They are just as good as you ☺
  • Squawk / Friday at 7:02 GMT
    Partner at 3 C ANALYSIS / 3cAnalysis
    United Kingdom
    USDCAD - Capped by key average - we look to sell
    Bullish sentiment was confirmed yesterday as initial price action tested the 13 day moving average for the 2nd day in a row. But that point held, attracted sellers, and the resulting setback kept USDCAD oscillating around a Marabuzo line created last Wed that has dominated the background since. This lack of follow through in either direction does not provide strong signals for sentiment going into this morning, but given the declining Keltner channel, studies are assessed as mildly negative.
    There is potential to 1.3889, 1.3853 or even 1.3820. Rallies should find sellers near 1.3940 and only above 1.3985 is bullish.
    Read the Squawk
  • 1d
    Ronald222 Ronald222
    Out of 1/2 position of us/can short at 1.3869(97 pips profit)
    1d
    Ronald222 Ronald222
    Out of remainder at 1.3859
    Still a bit premature but I'll take the profit and run
    1d
    Ronald222 Ronald222
    Long us/can(small) @1.3845
  • Article / Friday at 1:24 GMT

    US dollar sinking as rate support slips away

    Managing Director / Technical Research Limited
    New Zealand
    US dollar sinking as rate support slips away
    Don’t blame us for market turmoil said Federal Open Market Committee chair Janet Yellen in an appearance before Congress on Thursday. This reflects a far more dangerous aspect of what’s going on: the markets are losing confidence in the ability of central banks to stay on top of things.
    Read the article