Analysts at MUFG Bank, see the EUR/CAD pair rising further in the short-term. They have a target for the pair at 1.5800. Key Quotes: “We are recommending a long EUR/CAD trade idea to reflect building downside risks for CAD. The price of oil has come renewed selling pressure following reports that OPEC+ talks are on the verge of collapse. Russia does not agree with the OPEC proposal for deeper cuts. It reinforces downside risks for the price of oil from demand disruption related to the coronavirus shock.” “The BoC followed the Fed and delivered a 0.50 point rate cut and left the door wide open for further easing. The BoC has more room to cut rates than other G10 central banks posing downside risks for the CAD. On the other hand, the EUR is expected to benefit further from the liquidation of funding positions amidst elevated coronavirus fears. There is also upside risk for the EUR if the ECB fails to meet expectations for easing in the week ahead. Unlike the Fed and BoC, the ECB has less room for manoeuver.” 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 King County Official: 15 people from watch to nursing home sent to hospital FX Street 3 years Analysts at MUFG Bank, see the EUR/CAD pair rising further in the short-term. They have a target for the pair at 1.5800. Key Quotes: “We are recommending a long EUR/CAD trade idea to reflect building downside risks for CAD. The price of oil has come renewed selling pressure following reports that OPEC+ talks are on the verge of collapse. Russia does not agree with the OPEC proposal for deeper cuts. It reinforces downside risks for the price of oil from demand disruption related to the coronavirus shock.” “The BoC followed the Fed and delivered a 0.50 point rate cut and… 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.