After the Fed’s December hint, it seems that the US dollar may have found a clear course. Regarding the Canadian dollar, things are getting complicated. Here is the view from CIBC: Here is their view, courtesy of eFXnews: The following are CIBC’s latest weekly outlook for the USD, and CAD. USD: Won’t Get Fooled Again. After stepping away in September, the Fed once again looks like it’s itching to move interest rates higher. But the timing and pace remain linked to economic data. While the inventory-led slowdown in Q3 GDP isn’t much to worry about, growth in 2016 may disappoint FOMC and consensus forecasts. As in past years, both expect an acceleration. But, like The Who, we won’t get fooled again. With the long-run potential of the economy much lower than it was pre-recession, we think the bar has once again been set too high. Disappointment in 2016 will cause the Fed to hike slower than it currently expects, and the US$ to give back any gains made in the run up to a first hike, which we still forecast for December. CAD: Being Pushed Around by New Factors. With oil prices trading in a range since mid-August, the loonie’s been pushed around by a variety of other factors. Coincidentally, August was also around the time when the global economic and financial backdrop began to deteriorate. As a result, global conditions have gained importance in the minds of investors and, in particular, have had a more pronounced effect on the loonie. The currency’s correlation with the VIX, the market’s so-called “fear index”, has increased since that time. Those global doubts, along with an upcoming Fed hike, could push the C$ weaker over the coming few months. 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 Forex News Today: Daily Trading News share Read Next EUR/USD, USD/JPY, GBP/USD Pivot Points, TA – November 2 John Benjamin 7 years After the Fed's December hint, it seems that the US dollar may have found a clear course. Regarding the Canadian dollar, things are getting complicated. Here is the view from CIBC: Here is their view, courtesy of eFXnews: The following are CIBC's latest weekly outlook for the USD, and CAD. USD: Won't Get Fooled Again. After stepping away in September, the Fed once again looks like it's itching to move interest rates higher. But the timing and pace remain linked to economic data. While the inventory-led slowdown in Q3 GDP isn't much to worry about, growth in 2016 may disappoint… 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.