Richard Franulovich, Head of FX Strategy at Westpac, suggests that healthier background for CAD is forming as energy prices have steadied, CAD-USD yield spreads are firming, local data remains persistently solid (all interrelated) and hopes are firming for a quick conclusion to revived NAFTA talks. Key Quotes “Just +41bp in BoC hikes are priced through to April 2019 (covering six meetings of which three are MPR meetings). That is light even for a Bank that continues to stress a gradual approach to hikes amid solid wages growth, inflation close to target, and decent activity outcomes.” “A break below 1.3000 might be a bridge too far near term but if a NAFTA agreement can concluded in a few months – as signaled by key negotiators – and the BoC delivers two hikes before the year is out, USD/CAD can potentially trade meaningfully below 1.3000 later into 2018H2.” 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 EUR/USD challenges 1.1700 on Draghi’s presser FX Street 5 years Richard Franulovich, Head of FX Strategy at Westpac, suggests that healthier background for CAD is forming as energy prices have steadied, CAD-USD yield spreads are firming, local data remains persistently solid (all interrelated) and hopes are firming for a quick conclusion to revived NAFTA talks. Key Quotes "Just +41bp in BoC hikes are priced through to April 2019 (covering six meetings of which three are MPR meetings). That is light even for a Bank that continues to stress a gradual approach to hikes amid solid wages growth, inflation close to target, and decent activity outcomes." "A break below 1.3000 might… 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.
