The Canadian Dollar managed to stabilize after a few turbulent weeks. What’s next for the loonie? Here is their view, courtesy of eFXdata: BNP Paribas Research discusses USD/CAD outlook around next week BoC policy meeting and thinks that an expected rate hike next week is like;y to reinforce USD/CAD range. “The Bank of Canada meets next week, with expectations having fluctuated considerably over the past two weeks. Rates markets are pricing a more than 80% chance of a hike and if delivered this will likely tend to reinforce the broad range in USDCAD, helping guide the pair back towards 1.30 as Bank of Canada tightening matches Fed policy for now. A decision to hold policy unchanged seems likely to set up another test towards 1.35,” BNPP argues. 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 Ethereum’s long term breakout needs short term push FX Street 3 years The Canadian Dollar managed to stabilize after a few turbulent weeks. What's next for the loonie? Here is their view, courtesy of eFXdata: BNP Paribas Research discusses USD/CAD outlook around next week BoC policy meeting and thinks that an expected rate hike next week is like;y to reinforce USD/CAD range. "The Bank of Canada meets next week, with expectations having fluctuated considerably over the past two weeks. Rates markets are pricing a more than 80% chance of a hike and if delivered this will likely tend to reinforce the broad range in USDCAD, helping guide the pair back towards 1.30… Top 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.
