OctaFX | OctaFX Forex Broker
Open trading account

We still expect BoC to hike in the first quarter - ING

"Wage growth failed to pick up in December, which coupled with other global risk factors, means the Bank of Canada is likely to side with caution and push back the next rate hike until March," argue ING analysts.

Key quotes

"A rate hike later in the first quarter (in March) still could be on the cards, unless the risk environment worsens further. This would allow policymakers a bit more time to evaluate the impact of lower energy prices on growth, as well as whether business investment and wage growth have begun to perform more strongly."

"Either way, with core inflation measures still sitting around the 2% target and unemployment at a 40-year low, we still expect to see at least two further Bank of Canada rate hikes this year."

Gold recovers modestly from daily lows, stays in red near $1285

After finding resistance a little below the critical $1300 mark earlier in the day, the precious metal started to erase this week's gains and extended
Read more Previous

EUR/USD Technical Analysis: Bulls erase NFP’s drop as 1.1400 is back on the table

EUR/USD daily chart EUR/USD is trading in a bear trend below the 200-period simple moving average (SMA). Following some Powell’s dovish comments b
Read more Next
Start livechat