In their latest client note, analysts at TD Securities (TDS) revised their forecast lower for the Canadian dollar for this year. Key Quotes: “The strategic outlook for the CAD has shifted considerably to the downside. This follows a deeper slowdown to growth in H2-2018 and a near-capitulation by the Bank of Canada. Indeed, we now think the BoC has marked an end to its tightening cycle. If policymakers move this year, it is more likely to be a cut. The global backdrop remains an important driver for the CAD. It is now clear, however, that the domestic economy has a real problem on its hands. “¦ we are already short CAD on crosses. We have revised our forecast higher for USDCAD. We see persistence around the 1.36 level this year. Despite this, we nonetheless think that the balance of risks implies that the pair will spend much of its time this year in a broad 1.35-1.40 range.” 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 BTC/USD Technical Analysis: Market shows bullish tendencies FX Street 4 years In their latest client note, analysts at TD Securities (TDS) revised their forecast lower for the Canadian dollar for this year. Key Quotes: "The strategic outlook for the CAD has shifted considerably to the downside. This follows a deeper slowdown to growth in H2-2018 and a near-capitulation by the Bank of Canada. Indeed, we now think the BoC has marked an end to its tightening cycle. If policymakers move this year, it is more likely to be a cut. The global backdrop remains an important driver for the CAD. It is now clear, however, that the domestic economy has… 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.
