ORBEX:Loonie Bid on Poloz As Impeachment Hearing Goes Unnoticed!
In today’s market insights video recording I talk about markets’ muted reaction to the impeachment hearings and focus on the assets that moved!
USDCAD was bid on a hawkish Poloz as he lowered down markets' expectations of a Dec rate cut. Loonie was also supported by OPEC+ likely production cut extension.
While at it, I also analyse EURUSD despite it ended the session somewhat muted as volatility increased. We are also minutes before German GDP and Lagarde’s speech!
Stavros Tousios
Head of Investment Research
Orbex
This analysis is provided as general market commentary and does not constitute investment advice.
USDCAD was bid on a hawkish Poloz as he lowered down markets' expectations of a Dec rate cut. Loonie was also supported by OPEC+ likely production cut extension.
While at it, I also analyse EURUSD despite it ended the session somewhat muted as volatility increased. We are also minutes before German GDP and Lagarde’s speech!
Stavros Tousios
Head of Investment Research
Orbex
This analysis is provided as general market commentary and does not constitute investment advice.
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