Pound to Canadian Dollar (GBP/CAD) Exchange Rate Rises as ...

Forex in August: market getting ahead of itself?

Forex in August: market getting ahead of itself?

Fundamental forecast for Forex currencies for August

Selling the U.S. dollar as a safe-haven asset may have gone too far

To say that July was successful for fans of statistical analysis with a fundamental perspective is an understatement! Selling USD/NOK and USD/SEK has increased the deposit by a total of 10.1%, buying Australian and Canadian dollars against the American dollar has increased it by 4.5%. The Norwegian krone managed to simply hold out against the hugely popular euro, while the Swedish krona gained 1.5% against it. Indeed, Vikings are on the warpath! It will be all the more interesting to observe the influence of the seasonal factor on the exchange rates in Forex at the end of the summer.
The Japanese yen and the Swiss franc usually feel the best in August, strengthening in 26 and 25 cases respectively out of 45. The clear outsiders were the Australian and New Zealand dollars, as well as the British pound, which finished two last months of the summer in 1975-2019 in the red zone.
Rise-and-fall periods

Source: BoE, calculation by LiteForex.
For more information follow the link to the website of the LiteForex
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[EVENT] 2021 People's Bank of China Statement

Press Conference with the Governor of the People's Bank of China 任中国人民银行行长 Yi Gang 易纲 on current monetary and regulatory matters in the People's Republic of China for the year 2021
Dear Ladies and Gentlemen,
I shall be presenting the position of the People's Bank of China on the current forecast for the fiscal year 2021, with emphasis on the growth predicted for the country and the ramifications it has for the monetary policy of the PBOC. Additionally, I shall address the demand for the People's renminbi as a reserve currency for the Federal Republic of India.
Concerning the growth of the economy for 2021, official growth stands at 6,3 percent. We raise our satisfaction with some positive changes have occurred in the structural adjustments of the Chinese economy in previous quarters, but deep problems remain amid uncertainties. While the the trade war with the United States has been officially ended and there has been regulatory and financial reform, we raise concerns with the additional oversight that has been placed on the digital economy and infrastructure of firms operating in the country. We would like to raise - in coordination with the State Council, that the policy is in response to both the U.S. CLOUD Act and European GPDR to which the burden is regrettable.
Of more pressing concern is the slowing growth for the year that has missed the official target of the PBOC and the government. Thus I shall state that the People's Bank will continue the prudent monetary policy that is neither too loose or too tight, and ensure reasonably ample liquidity in the interbank market. However. The Bank shall begin a further stimulus package to address the slowing growth through creating further domestic credit growth and boost consumer demand.
The additional aim will be to allow for easier borrowing for businesses that does not hold substantial non-performing loans that have been flagged to the Ministry of Finance. This relates to the new Supplementary Measures that are now being issued:
Regarding State-Owned Enterprises, credit expansion will delegated by State-owned Assets Supervision and Administration Commission (SASAC), under guidance by the PBOC.
With this screening policy in place - essentially window guidance, we hope to avoid flooding of inefficient credit creation.
As to the matter of the size of the stimulus, the PBOC shall roll out a $260 billion package, with targeted support for performing small- and medium banks that have has viable credit profiles. Banks that fail to meet this requirement shall be reported to regulators to shore up, with asset sell-offs and NPL write offs - with the State-owned Assets Supervision and Administration Commission (a percentage of the $144 billion operating budget has been allocated for this write-off, complimented with the National Debt Service allocations as outlined by the Ministry of Finance's projected budget for 2021)
Concerning the state of the renminbi and its valuation, should growth projections worsen, the Bank is willing act robustly in the defence of the currency. Current repo rates shall remain in line and compliment current inflation metrics.
Concerning more fascinating matters, the internationalisation of the renminbi is a policy that we at the PBOC would encourage policy makers to continue upon. Due to the dominance of the American dollar, the US government can issue debt and print money freely. It gains from seigniorage, as people hold dollars for use in transactions. As the world has seen, especially in recent years, control of dollar-clearing systems enables the United States to limit others’ financial access - which is of particular concern for the PBOC. Many global goods, especially commodities, are priced in dollars. These benefits also provide the United States with political gains and soft power. The same can be assumed for the renminbi and China should further relaxation of capital accounts and the not too loose or restricted monetary policy of the PBOC continues as it has.
From 2009, the dollar has held steady at 60% of global reserves over the past decade, after declining from 70%. With the euro area’s troubles, the euro’s share has slipped; developing economies now hold about 24% of their reserves in euros, down from 31% in 2009. Other currencies – Swiss, Australian, Canadian – increased their attractiveness for a time, but their market size is limited and cyclical conditions have dampened some interest. The Japanese yen and British pound will continue to play a modest role, though we remain pessimistic on the role of the British pound should a No Deal Brexit be followed through. SDRs, which represent less than 3% of global reserves, suffer from a lack of private trading, invoicing, borrowing and lending, granted the renminbi has been added to the basket peg in which SDRs are issued by the IMF.
Given the decision of the Indian government to divest from the their dollar holdings, the PBOC shall announce the sell of $20 billion of National Government Bonds to the Reserve bank of India as well as a purchase of $30 billion worth of renminbi to be held in forex reserves.
Due to this measure, we hope to see that the liquidity of the Renminbi expands as international interest picks up, to which the PBOC shall facilitate all currency purchases as well as bond issuance to those who seek a stable investment.
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[ECON] 2022 People's Bank of China Statement

Press Conference with the Governor of the People's Bank of China 任中国人民银行行长 Yi Gang 易纲 on current monetary and regulatory matters in the People's Republic of China for the year 2022
Dear Ladies and Gentlemen
The People's Bank of China (PBOC) is gladdened to announce that the efforts made by the Bank to consolidate financial markets and reign in unproductive credit and the misappropriation in debt lending are seeing bountiful returns. For the 2022 year forecast, we are thus heartened to state that the economy has exponentially preformed to bring growth above 7 percent, beating negative analysis on efforts on the PBOC and government's meaningful reforms to address core structural issues that have threatened the Chinese and global economy.
While we have identified specific measures in relation to consumer demand and business growth, in conjunction with the improving regulatory framework, we foresee promising inflationary movement and are pleased to see an adaptive labour market take hold in overall trends for key benchmarks.
In regards to the current developments in the Banks's stimulus efforts, we shall maintain the current level of market guidance and capital assistance. While we continue this approach, we are constantly assessing the Mainland's capital markets liquidity and should concerns be spotted that identify general overheating, the PBOC is ready to address those concerns and enforce targeted measures.
Now, onto the main elements of the year's statement: the current status on the internationalisation of the Renminbi and policy responses to optimise a favourable environment as well as new guidelines on capital market
The following discussion shall be complimented with the following handout:

The Renminbi - The People's Currency, and Soon the World's?

The Continued Dollar Dominance
Chinese Efforts to Open Up the Renminbi - An Uneven Effort
Making The Cross Across the Riverbed Towards A More Global Renminbi
The PBOC has issued the following in its Guiding Measures to the Chinese Mainland and SAR financial markets:
This new rule will further buoy the offshore Renminbi (“Dim Sum”) bond market and accelerate the pace of Renminbi internationalisation.
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A round up of the latest Pound Canadian Dollar forecast news items from the Currency News desk. LIVE EXCHANGE RATE: 04:57:38: Pound Canadian Dollar Rate » GBP/CAD +0: Days Low: Days High: Last Daily: 1.7271838724 +0.19%: 1.7234232878: 1.7272561462: 1.7238436152: GBP to CAD Exchange Rate Attempts Rebound as Oil Weakness and US Uncertainty Caps CAD. 5 Nov 2020 at 3 PM - Written by David ... Pound to Canadian Dollar Forecast, GBP to CAD foreign exchange rate prediction, buy and sell signals. Rate target in 14 days: 1.772. The best long-term & short-term ... Pound-Canadian Dollar Forecast: Recovery Curtailed as Lockdown Weighs Ahead of Election, BoE From poundsterlinglive.com The Pound-to-Canadian Dollar exchange rate is vulnerable and could be set to slip lower over the coming days as Britain lurches toward another national lockdown at the beginning of what promises to be an action-packed and volatile U.S. election week for Sterling and the Loonie. US Dollar to Canadian Dollar forecast for December 2021. In the beginning rate at 1.260 Canadian Dollars. High exchange rate 1.290, low 1.252. The average for the month 1.268. The USD to CAD forecast at the end of the month 1.271, change for December 0.9%. USD to CAD forecast for January 2022. In the beginning rate at 1.271 Canadian Dollars ... Pound to Euro Canadian dollar exchange rates have tested a two-week high as investors fears over a falling oil price combine with some slightly better sentiment towards the pound. GBPCAD has been choppy in recent weeks as the market scrambles to understand the impact s of COVID-19 and the implications for the global economy. The […] British Pound/Canadian Dollar forex price quote with latest real-time prices, charts, financials, latest news, technical analysis and opinions. The Pound Sterling to Canadian Dollar (GBP/CAD) exchange rate came under renewed pressure ahead of the weekend in spite of October’s Canadian unemployment rate missing forecast. Although the ... The Pound to Canadian Dollar (GBP/CAD) exchange rate rose by 0.4% today, with the pairing currently trading around CA$1.727. The Canadian Dollar (CAD) fell today after the Bank of Canada (BoC) announced that its interest rate would remain at 0.25%. Tiff Macklem, the Governor of the BoC, was downbeat ... Pound-Canadian Dollar Forecast: Recovery Curtailed as Lockdown Weighs Ahead of Election, BoE . Sunday, 01 November 2020 21:55 ; Written by James Skinner ; The Pound-to-Canadian Dollar exchange ... Pound to Canadian Dollar Forecast, Short-Term GBPCAD Currency Pair Forex Rate Forecast for Next Days. Walletinvestor.com. Pound to Canadian Dollar Forecast, Long-Term Forex Rate Predictions for Next Months and Year: 2020, 2021. Walletinvestor.com. Detailed Trend Components of the GBP/CAD Forecast & Prognosis . Walletinvestor.com. Back to detailed GBP/CAD FX forecast Get Your Exclusive 24-hour ...

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USDCAD Forecast with Technical Analysis - USD/CAD Forecast today - US Dollar/Canadian Dollar - Forex

US Dollar/Canadian Dollar Market has reversed. Just wait the right signal to buy. The British pound pulled back significantly during the trading session on Wednesday, reaching down towards the support level near the 1.29 level. At this point, the market is likely to continue to ... canadian dollar news forecast today ,cad chf Forex Trading https://www.facebook.com/Forex-Trading-109638333966985/ Forex Encyclopedia https://www.facebook.co... Trends in the Canadian Dollar and Euro were analyzed by DaliyFX Analyst Daniel Dubrovsky, discussing how trader positioning can impact the path forward for USD/CAD and EUR/USD around fundamental ... Talking Points: • Equity indexes such as the S&P 500, DAX and Nikkei 225 gapped higher on their open Monday but still offer little conviction • While the net... FXStreet Chief Analyst Valeria Bednarik shares her analysis of the British Pound to Dollar exchange rate. Watch levels, mood and forecast for the GBP/USD Watch the full webinar: https://www ... Weekly Forex Forecast for EURUSD, GBPUSD, AUDUSD, NZDCAD, XAUUSD (December 30 - January 3, 2020) - Duration: 17:31. ... US Dollar Set to Bend or Break in 2020: EUR/USD, GBP/USD, USD/JPY Price ... currency exchange rate,dollars to pounds calculator,pound to dollar forecast,100 pounds to dollars,dollar to euro,convert us dollars,euro to pound,current dollar exchange rate,pound exchange rate ... Weekly Forex Forecast And Analysis - BEST Upcoming Trades - EUR/USD, NZD/USD And Silver (XAG/USD) - Duration: 16:11. 1% FX Capital 992 views The British pound initially tried to rally during the trading session on Monday but gave back quite a bit at the 1.24 level. At this point, the market is likely to rollover continue going lower ...