Navigate Up
Sign In

Fed day

Posted on: February 01, 2017

All eyes focus on the FOMC rate decision today at Noon. The market is pricing in three rate hike for 2017 but most are expecting that Yellen will hold rate today. Likely scenario is that Yellen will hold rate and reinforces three hikes for the rest of the year in which case USD will change marginally. If by any chance, she is dovish or say anything there will be less than three rate hikes the USD will collapse as the market liquidates their long USD positions.

The USD longs have been reducing their positions recently with Trump accusing everybody and their dog manipulating their currency. Hmmm…….is Trump trying to trump them at their own game? Technically, the USDCAD is hovering right above the all important 1.30 support which broke yesterday triggering some stops but rallied back above in the afternoon. It’s hard to see it venture back below yesterday’s low of 1.2969 unless there’s some dovish statement from the Fed this afternoon.

  • Previous Day’s NA Range 1.2969 - 1.3084
  • Asia overnight range 1.3033 – 1.3091
  • London overnight range 1.3043 - 1.3093


Most Recent Market Updates

November 20, 2017

Natural gas gains 4.4 cents

NYMEX natural gas climbed 4.4 cents higher on Friday.

November 20, 2017

Crude gained $1.41

Crude prompt futures gained $1.41 on Friday to close the day at $56.55.

November 17, 2017

Natural gas falls 2.7 cents

NYMEX natural gas continued it’s decent on Thursday.

November 17, 2017

Crude prices slide $0.19

Crude prompt futures traded in a 69 cent range.

November 17, 2017

USDCAD range bound as Canadian CPI uneventful

Domestically we saw the biggest release of the week a few minutes ago.

November 14, 2017

Natural gas loses 5 cents

Cold weather emerged over the long weekend in the US Midwest to East as anticipated.


Talk to a specialist

GlassdooreSSENTIAL Accessibility™Diversity and Inclusion

About ATB | Contact Us | Find a Branch or ABM | Current Rates | Privacy and Security | Legal | Code of Conduct | Site Map | Vendor Resources

2017 ATB Financial. All rights reserved. ®ATB Financial is a trade name/registered trademark of Alberta Treasury Branches.

ATB Financial