The Canadian dollar enjoyed the hawkish tone coming out of the BOC, as well as the recent rise in oil prices. What’s next? Here is their view, courtesy of eFXnews: Barclays Capital Research argues that it is unlikely for CAD to get further support from monetary policy expectations as the BoC enters the blackout period before the July 12 meeting. “We believe a sustainable inflation close to target is difficult to attain given the lack of price pressures and subdued wages. We think it is premature for the BoC to tighten and would fade market excitement,” Barclays argues. In terms of this week’s drivers, Barclays notes that oil price gyrations, US and domestic data, including May building permits, international trade, Markit manufacturing PMI and the dual employment report on Friday, are likely to drive CAD. 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 Opinions share Read Next USD/JPY rocks on and rolls on North Korea news Yohay Elam 6 years The Canadian dollar enjoyed the hawkish tone coming out of the BOC, as well as the recent rise in oil prices. What's next? Here is their view, courtesy of eFXnews: Barclays Capital Research argues that it is unlikely for CAD to get further support from monetary policy expectations as the BoC enters the blackout period before the July 12 meeting. "We believe a sustainable inflation close to target is difficult to attain given the lack of price pressures and subdued wages. We think it is premature for the BoC to tighten and would fade market excitement," Barclays argues. In terms… 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.
