Analysts at Westpac are recommending to go long on USD/CAD pair at around 1.3180 levels, for the target price of 1.3365, while maintaining a stop loss of 1.3105. Key Quotes “Rationale: Bank of Canada Governor Poloz reiterated last week that the Bank expects to adjust policy up into neutral over time but accompanying language continues to muddy the waters on timing; Poloz adding that, “the path back to that neutral range is highly uncertain”. The BoC meets next week and markets may be inclined to price in risks of a BoC that follows other central banks with less hawkish signaling. President Trump’s jawboning of energy prices via twitter underscores the limit of OPEC’s ability to manage oil prices higher via production cuts. The so-called “NOPEC” bill moving through Congress will become more topical in coming weeks; the bill removes sovereign immunity to antitrust regulation, leaving OPEC producers exposed to possible antitrust violations. Past US administrations have repeatedly opposed the bill but Trump relishes breaking with predecessors and has regularly scolded OPEC. After a sharp move lower early in the new year USD/CAD has taken on a more consolidative tone lately.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next USD/JPY treads water around 110.60 amid early-day silence FX Street 4 years Analysts at Westpac are recommending to go long on USD/CAD pair at around 1.3180 levels, for the target price of 1.3365, while maintaining a stop loss of 1.3105. Key Quotes "Rationale: Bank of Canada Governor Poloz reiterated last week that the Bank expects to adjust policy up into neutral over time but accompanying language continues to muddy the waters on timing; Poloz adding that, "the path back to that neutral range is highly uncertain". The BoC meets next week and markets may be inclined to price in risks of a BoC that follows other central banks with less hawkish signaling.… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
