The BOC raised rates again and sent the Canadian dollar shooting higher. And it may not be over just yet. Here are two views, both explaining why there is more room to the downside. Here is their view, courtesy of eFXnews: CAD: More Strength On The Cards As Market Will Start To Price-In Further BoC […]
The post USD/CAD has more room to the downside – 2 opinions appeared first on Forex Crunch.
The US dollar is slipping against both its major peers, the euro and the yen. What’s next? The team at Nomura sees further weakness. Here is their view, courtesy of eFXnews: Nomura FX Strategy Research continues to believe that the broad trend in the USD will be lower. Nomura outlines 3 key reasons behind this view. “1- The […]
The post USD: 3 Reasons For Further Broad USD Weakness Vs EUR & JPY Nomura appeared first on Forex Crunch.
The European Central Bank’s meeting is getting closer and the tension is felt in euro/dollar. Here is the view from Barclays: Here is their view, courtesy of eFXnews: Barclays Capital FX Strategy Research argues that the ECB meeting on Thursday poses ‘two-way’ risks for EUR/USD. “We expect that the ECB will leave its policy settings […]
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Good morning traders! Markets did not move much since yesterday because of the holiday in the US, but we expect volatility to come back soon. Technically the market did not change; we still see room for more USD gains in the near future other major currencies , such as EUR, GBP, JPY and CHF, while CAD and […]
The post Elliott Wave Analysis: EURUSD and USDCHF appeared first on Forex Crunch.
I am looking at the USDCAD pair. There are a few different factors that make me think it might be just before a turning point. First things first. The Daily chart is showing price being hesitant and hitting a support level at the same time. It looks like we might see a bounce back to […]
The post USDCAD Technical Analysis for September appeared first on Forex Crunch.