Today's All Things Forex Broadcast: USD and CAD Outlook ahead of BoC Announcement
Seeking Alpha Analyst Since 2009
Ilian Yotov is a longtime FX Strategist, known among industry peers as the creator of The Quarters Theory, a revolutionary methodology applied to the price behavior of currency exchange rates. His FX market analysis, outlook and forecasts are sought by popular financial publications worldwide and he is a regular guest speaker at industry events. For over 15 years, Ilian has also been committed to the education of retail FX traders, and has been recognized as one of the leading Forex educators in the world, helping thousands of currency traders worldwide. Ilian Yotov is the Chief FX Strategist at Allthingsforex.com where he brings a combination of in-depth knowledge and expertise with innovative strategies and trading techniques. He is responsible for driving the company’s research initiatives and for turning them into actionable trade ideas and trading strategies. Ilian Yotov is author of the book "The Quarters Theory: The Revolutionary New Foreign Currencies Trading Method", published by John Wiley and Sons, Inc.
In the broadcast today: USD and CAD Outlook ahead of BoC Announcement. In the midst of the busy post-Memorial Day holiday trading session, we focus on the USD and the CAD ahead of the upcoming Bank of Canada interest rate announcement and a sequence of important U.S. economic data, we analyze the latest trend developments with the USD/CAD and CAD/JPY currency pairs, we examine the bullish breakout in the EUR/USD currency pair, we note the renewed strength of the USD vs. JPY, we keep an eye on the higher-yielding commodity currencies the AUD and NZD, we highlight the market's reaction to the credit rating downgrade of Cyprus, Moody's review for a downgrade of Japan's rating, the Swiss GDP, the Japanese Industrial Production, and the Euro-zone HICP and Unemployment Rate, we discuss new forecasts from Bank of America Merrill Lynch, Royal Bank of Canada, Bank of New York-Mellon and Nomura Holdings, and prepare for the trading session ahead.
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