Navigate Up
Sign In

Dovish rate hike?

Posted on: December 14, 2016

Overnight action was muted as we gets closer to the FOMC rate decision at 12pm MST today. The market is fully priced in for a 25bp hike so the action will be driven by Yellen’s press conference that starts at 12:30 MST. The action will be driven by any comments regarding the velocity of future rate hike. With the market fully pricing in a hike, we could see a USD retracement even if we see a hike if the Fed slows down the pace of the hike for 2017.

My plan is to sit on the sideline until the meeting and if the USDCAD retrace back to the 1.3000/50 area, that could be an attractive place to get long for a target of 1.3600 in the new year.

Good luck trading!

  • Previous Day’s NA Range 1.3103 - 1.3136
  • Asia overnight range 1.3129 – 1.3142
  • London overnight range 1.3093 - 1.3124


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 | Supplier Resources

©ATB Financial 2019. All rights reserved. ATB Financial is a trade name/registered trademark.

ATB Financial