{"id":78060,"date":"2015-09-10T06:46:54","date_gmt":"2015-09-10T10:46:54","guid":{"rendered":"http:\/\/countingpips.com\/?p=78060"},"modified":"2015-09-10T07:38:16","modified_gmt":"2015-09-10T11:38:16","slug":"loonie-stabilizes-following-bank-of-canada-interest-rate-decision","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2015\/09\/loonie-stabilizes-following-bank-of-canada-interest-rate-decision\/","title":{"rendered":"Loonie Stabilizes Following Bank of Canada Interest Rate Decision"},"content":{"rendered":"<div id=\"inves-980503520\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">September 10, 2015<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p>Article by <a href=\"http:\/\/countingpips.com\/contributors\/contributor-profile-forextime\/\">ForexTime<\/a><\/p>\n<p>The USD\/CAD held support levels following whipsaw price action following the Bank of Canada\u2019s decision to keep rates unchanged.\u00a0 The dovish backdrop to the BOC\u2019s statement caught some investors off guard, pushing the Loonie lower relative to the greenback.\u00a0 Support is seen near the 20-day moving average at 1.32, while resistance on the current pair is seen near the recent highs at 1.3350.<\/p>\n<p>The Bank of Canada left the 0.50% policy rate unchanged, as economic growth and inflation have been consistent with the Bank\u2019s outlook in the July Monetary Policy Report. Most tellingly, the dynamics of Canada\u2019s GDP growth projected in July remain intact, with economic activity underpinned by household spending and a firm recovery in exports.<\/p>\n<p>However, downside risks remain, notably in the form of uncertainty related to China and emerging markets. Moreover, the Bank reminded that adjustments in Canada\u2019s economy are complex and will take considerable time. The Bank has moved back to the sidelines, and will likely maintain the current ultra-accommodative rate setting through 2016.<\/p>\n<p><a href=\"http:\/\/www.forexcircles.com\/wp-content\/uploads\/2015\/09\/cad-091015.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-9022\" src=\"http:\/\/www.forexcircles.com\/wp-content\/uploads\/2015\/09\/cad-091015-300x197.jpg\" alt=\"cad-091015\" width=\"300\" height=\"197\" \/><\/a><\/p>\n<p>&nbsp;<\/p>\n<hr \/>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-54242 alignleft\" src=\"http:\/\/countingpips.com\/articles-analysis\/wp-content\/uploads\/2014\/07\/Forex-Time-Logo.png\" alt=\"Forex-Time-Logo\" width=\"262\" height=\"90\" \/><strong>Article by <span style=\"text-decoration: underline;\"><a href=\"http:\/\/countingpips.com\/contributors\/contributor-profile-forextime\/\">ForexTime<\/a><\/span><\/strong><\/p>\n<p><strong>ForexTime Ltd (FXTM)<\/strong> is an award winning international online forex broker regulated by CySEC 185\/12 <a href=\"http:\/\/www.forextime.com\" target=\"_blank\">www.forextime.com<\/a><\/p><div id=\"inves-2046274529\" class=\"inves-in-content inves-entity-placement\"><hr style=\"border: 1px solid #ddd;\">\r\n<div id=\"inpost_ads_header\">\r\n<p style=\"font-size:10px; float:left; color:#666;\">Free Reports:<\/p><\/div>\r\n<div id=\"inpost_ads\"> \r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/1ApBOV\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2018\/06\/graph_techs_PD.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t     <a href=\"https:\/\/goo.gl\/1ApBOV\"><b><u>Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p><br><br>\r\n<br>\r\n<br>\r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/f3RrHX\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2019\/01\/cot_pie_80.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t    <a href=\"https:\/\/goo.gl\/f3RrHX\"><b><u>Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p><br><br>\r\n<\/div>\r\n<hr style=\"border: 1px solid #ddd;\">\r\n<br><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Article by ForexTime The USD\/CAD held support levels following whipsaw price action following the Bank of Canada\u2019s decision to keep rates unchanged.\u00a0 The dovish backdrop to the BOC\u2019s statement caught some investors off guard, pushing the Loonie lower relative to the greenback.\u00a0 Support is seen near the 20-day moving average at 1.32, while resistance on [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-78060","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/78060","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=78060"}],"version-history":[{"count":3,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/78060\/revisions"}],"predecessor-version":[{"id":78063,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/78060\/revisions\/78063"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=78060"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=78060"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=78060"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}