Employment data in Canada showed great numbers but failed to cause an impact in the markets, as analysts at TD Securities notes. They think the USD/CAD pair should top at 1.33. Key quotes “The Canadian economy added 35k jobs in January, effectively doubling the market consensus for a 17.5k increase.” “Market reaction was muted in Canada, which makes sense as this can be a very volatile number with big tails.” “We continue to believe that the 1.33 area should mark another top in USD/CAD.” “We could see a modest push towards 1.3350 in the very short-run but we prefer the risk/reward of fading rallies on breaks of 1.33 rather than expecting a sharp break higher.” “We also think long CAD/CHF looks attractive at these levels.” 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 Russia: Inflation slowdown leads to key rate cut – Nordea FX Street 2 years Employment data in Canada showed great numbers but failed to cause an impact in the markets, as analysts at TD Securities notes. They think the USD/CAD pair should top at 1.33. Key quotes “The Canadian economy added 35k jobs in January, effectively doubling the market consensus for a 17.5k increase.” “Market reaction was muted in Canada, which makes sense as this can be a very volatile number with big tails.” “We continue to believe that the 1.33 area should mark another top in USD/CAD.” “We could see a modest push towards 1.3350 in the very short-run but we prefer the… 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.
