The euro is on the back foot as the strength of the US Dollar and the Canadian dollar is doing quite well on the new NAFTA deal. Here is their view, courtesy of eFXdata: Societe Generale Research discusses EUR/USD outlook and adopts a neutral bias near-term, and USD/CAD outlook and adopts a tactical bearish bias. “The Euro was hit by a triple-whammy of negative factors at the end of last week which have taken it from the top to the bottom end of its 1.15-1.18 range… Three hits in a few days isn’t helpful and plays to our view that a return to EUR/USD 1.20 and above will probably have to wait until H1 2019, but we don’t think we’ll see a break from, the current range,” SocGen argues. “CAD and MXN are enjoying the North American trade agreement, and USD/CAD ought now to head back to 1.25,” SocGen adds. For lots more FX trades from major banks, sign up to eFXplus By signing up for 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 Wall Street starts off fourth quarter on a strong foot as investors cheer new NAFTA deal FX Street 4 years The euro is on the back foot as the strength of the US Dollar and the Canadian dollar is doing quite well on the new NAFTA deal. Here is their view, courtesy of eFXdata: Societe Generale Research discusses EUR/USD outlook and adopts a neutral bias near-term, and USD/CAD outlook and adopts a tactical bearish bias. "The Euro was hit by a triple-whammy of negative factors at the end of last week which have taken it from the top to the bottom end of its 1.15-1.18 range... Three hits in a few days isn't helpful and plays to our view that… 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.
