CAD: Canada goes to the polls – ING
Source Fxstreet
Canada holds a general election today; here is our market guide to the vote, ING's FX analyst Francesco Pesole notes.
Markets expect limited CAD impact from liberal majority
"The Liberals, led by PM Mark Carney, are ahead in the polls, with the Conservatives trailing by around 3.5 points. The betting market attaches over 80% probability of a Liberal win, and 60% of Liberals securing a parliament majority."
"We assume a majority Liberal government is the market's baseline expected outcome, and would have a limited impact on the Canadian dollar. A hung government should trigger some pressure on the loonie, which could instead rally on a surprise Conservative win, as markets may see a smoother path for trade negotiations with the US."
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
AUD/USD: Current price action is likely the early stages of a recovery – UOB GroupAustralian Dollar (AUD) is likely to trade in a sideways range between 0.6220 and 0.6290. In the longer run, current price action is likely the early stages of a recovery phase that could potentially reach 0.6350, UOB Group’s FX analysts Quek Ser Leang and Lee Sue Ann note.
Australian Dollar (AUD) is likely to trade in a sideways range between 0.6220 and 0.6290. In the longer run, current price action is likely the early stages of a recovery phase that could potentially reach 0.6350, UOB Group’s FX analysts Quek Ser Leang and Lee Sue Ann note.
Shiba Inu is showing renewed strength, rising more than 16% over the last week of April. Despite a difficult year for meme coins, SHIB has held up better than major peers like BONK, PEPE, and DOGE.
Tesla benefits from the U.S. easing self-driving regulations. The stock surged 10%, reaching a new high since March 27.On Friday, April 25, Tesla Inc (TSLA) stock jumped 9.8%.
Dogecoin Price Breaks Resistance Trendline That Could Trigger Breakout Above $1The Dogecoin price looks set to witness a breakout above the psychological $1 level, having broken a resistance trendline. Crypto analyst Trader Tardigrade provided a timeline for when this massive surge could happen as DOGE rallies to a new all-time high (ATH).
The Dogecoin price looks set to witness a breakout above the psychological $1 level, having broken a resistance trendline. Crypto analyst Trader Tardigrade provided a timeline for when this massive surge could happen as DOGE rallies to a new all-time high (ATH).
Gold Price Forecast: XAU/USD edges lower to near $3,300 as US-China trade tensions easeThe Gold price (XAU/USD) drifts lower to around $3,310 during the early Asian session on Monday. The precious metal retreats after hitting its record high last week amid signs that global trade tensions may be easing.
The Gold price (XAU/USD) drifts lower to around $3,310 during the early Asian session on Monday. The precious metal retreats after hitting its record high last week amid signs that global trade tensions may be easing.
Related Instrument
