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USD/CAD – RBA Decision has the Loonie Bear Concerned
Capital Market are finally on the move, albeit somewhat slow. Record low bond yields, record high global equities indices and strained forex ranges are beginning to provide more trading opportunities in these first few days of March. Lets hope that this is the beginning of something a tad more promising, especially after last months -33% drop in market volatility. Until now, Central Banks rate announcements had virtually handcuffed markets with their ‘transparent and forward approach’ to rate decisions. The change in tact this month, a shock rate ‘cut’ from the PBoC last weekend and the surprise ‘no’ rate ... (full story)