The Canadian dollar enjoyed the weakness of the dollar and more importantly, the rise in oil prices. What’s next? Has it gone too far? Stephen Poloz will be speaking later today. Here is their view, courtesy of eFXnews: TD Research argues that near-term dynamics point to USD/CAD is likely to remain to hover around the predictable 1.32-1.36 range with a bias to trade near the lower end in Q3. “This reflects the fact that even though the BoC surprised markets with its shift in language around the removal of insurance cuts, it now priced to run parallel to the Fed over the next two years. Interest rate levels also remain a headwind, especially as $ betas to rates are still elevated and we expect a squeeze in G10FX,’ TD adds. TD also notes USD/CAD also looks cheap with its High-Frequency-Fair Value Model (HFFV) arguing for a push back to 1.34. 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 Opinions share Read Next EUR/USD reaches the highest since Brexit – 3 reasons Yohay Elam 6 years The Canadian dollar enjoyed the weakness of the dollar and more importantly, the rise in oil prices. What's next? Has it gone too far? Stephen Poloz will be speaking later today. Here is their view, courtesy of eFXnews: TD Research argues that near-term dynamics point to USD/CAD is likely to remain to hover around the predictable 1.32-1.36 range with a bias to trade near the lower end in Q3. "This reflects the fact that even though the BoC surprised markets with its shift in language around the removal of insurance cuts, it now priced to run parallel to the Fed… 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.
