There is growing talk of the Federal Reserve trimming rates. If this occurs, will the BoC follow suit? Here is their view, courtesy of eFXdata: Citi Research sees a scope for the BoC to cut rates if the Fed moves and cuts rates on increasing concerns from the negative impact from Coronavirus on the economy. “CAD is through key resistance at 1.3330 with USDCAD currently trading above 1.3345 at the time of writing on the back of renewed oil weakness,” Citi notes. “CitiFX Technicals sees room to head to the January 2019 high at 1.3565. We also flag that CitiFX Strategy sees scope for BoC to cut should the Fed move,” Citi adds. For lots more FX trades from major banks, Â sign up to eFXplusBy signing up for eFXplus via the link above, you are directly supporting Forex Crunch. Kenny Fisher Kenny Fisher Kenny Fisher - Senior Writer A native of Toronto, Canada, Kenneth worked for seven years in the marketing and trading departments at Bendix, a foreign exchange company in Toronto. Kenneth is also a lawyer, and has extensive experience as an editor and writer. Kenny's Google Profile View All Post By Kenny Fisher Daily Look share Read Next Japan: Grim economic outlook – Standard Chartered FX Street 2 years There is growing talk of the Federal Reserve trimming rates. If this occurs, will the BoC follow suit? Here is their view, courtesy of eFXdata: Citi Research sees a scope for the BoC to cut rates if the Fed moves and cuts rates on increasing concerns from the negative impact from Coronavirus on the economy. "CAD is through key resistance at 1.3330 with USDCAD currently trading above 1.3345 at the time of writing on the back of renewed oil weakness," Citi notes. "CitiFX Technicals sees room to head to the January 2019 high at 1.3565. We also flag that CitiFX… 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.
