The Canadian dollar is enjoying some backwind from oil prices. WTI is above $44 and USD/CAD slips under 1.32. What’s next? Here is their view, courtesy of eFXnews: Barclays Capital FX Strategy Research notes that after the recent BoC hawkish shift, markets will focus on remarks from the central banks officials to tease out the timing of any possible BoC action. “We believe expectations of impending tightening are premature and would fade CAD strength. We recommend short CADINR spot and short CADNZD through call spreads,” Barclays recommends. In terms of this week’s data, Barclays notes that the main data release is the monthly GDP (Friday) in which Barclays forecasts this to have increased 0.25% in April (3.4% y/y), slowing its pace from last month (0.5% m/m). For lots more FX trades from major banks, sign up to eFXplus By signing up to eFXplus via the link above, you are directly supporting Forex Crunch. Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Daily Look share Read Next Yellen does not stop EUR/USD – reaches new highs Yohay Elam 6 years The Canadian dollar is enjoying some backwind from oil prices. WTI is above $44 and USD/CAD slips under 1.32. What's next? Here is their view, courtesy of eFXnews: Barclays Capital FX Strategy Research notes that after the recent BoC hawkish shift, markets will focus on remarks from the central banks officials to tease out the timing of any possible BoC action. "We believe expectations of impending tightening are premature and would fade CAD strength. We recommend short CADINR spot and short CADNZD through call spreads," Barclays recommends. In terms of this week's data, Barclays notes that the main data release… 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.
