The Canadian dollar is on the back foot following the election of Donald Trump. What’s next? Here is their view, courtesy of eFXnews: Traders have focused on currencies other than CAD postelection night, but that could change. While a fully priced Fed hike won’t move the needle much in December, the BoC may have to provide a dose of verbal intervention to keep Canadian 5-year rates from following US ones too far. We don’t expect the central bank to actually pull the trigger, but markets are only pricing a 10% chance of a cut by mid-next year. That seems too low. The election of Trump has actually increased the likelihood of Canadian economic underperformance next year, with capital spending plans possibly delayed due to US trade policy uncertainty. Add it all up, and  we expect the loonie to hit 1.39 by the end of Q1 2017. 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 USD/JPY: US 10Y Yields Point To USD/JPY Fair Value At Yohay Elam 6 years The Canadian dollar is on the back foot following the election of Donald Trump. What's next? Here is their view, courtesy of eFXnews: Traders have focused on currencies other than CAD postelection night, but that could change. While a fully priced Fed hike won't move the needle much in December, the BoC may have to provide a dose of verbal intervention to keep Canadian 5-year rates from following US ones too far. We don't expect the central bank to actually pull the trigger, but markets are only pricing a 10% chance of a cut by mid-next year. That seems too… 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.
