Analysts at TD Securities, (TDS), examine the CAD and suggest selling it.
Key Quotes:
“Friday’s data beat our expectations but was mostly in line with the consensus.”
“The data pulse offers little support for CAD insofar as the BoC looks pretty well priced now in our view.”
“The pair now trades cheap to HFFV, leaving us buyer of dips ahead of the 200dma and looking for another break above 1.30 in the immediate future.”
“Once again, while markets cling to a so-called NAFTA resolution, we don’t think a handshake does much besides kicking the can down the road. It arguably places more emphasis on the US mid-terms intensifying the uncertainty of the agreement over the coming months.”
Share
