OctaFX | OctaFX Forex Broker
Open trading account

CAD: Consolidation likely but still some downside left - ING

According to analysts at ING, while the Canada’s Aug GDP data disappointed, the beat in the Oct jobs figures helped buffer some of the CAD downside.

Key Quotes

“We still think there is further room for CAD to move lower as markets fully price out scope for a Dec BoC rate hike (currently a 25% probability is priced in). Cautious policy talk from Governor Poloz this week (speech on Wed) might be the final blow here.”

“We have been calling for a retrace up to the OECD PPP fair value estimate of 1.27. Now we're here, we expect $/CAD now trades within the broad 1.25-1.30 range - with the risks skewed to the top-end of this range.”

USD/JPY: Positive bias intact – Westpac

Robert Rennie, Research Analyst at Westpac explains that they have stuck with a positive bias on USD/JPY for a number of weeks now and was based on th
Read more Previous

USD/CAD drifts into negative territory for fourth straight session

   •  Moves within striking distance of Friday’s swing low.     •  Bullish oil prices underpinning commodity-linked Loonie. The USD/CAD pair failed
Read more Next
Start livechat