OctaFX | OctaFX Forex Broker
Open trading account
Back

Forex Flash: EUR/CAD potential for strong, counter-trend rally is limited – TD Securities

FXstreet.com (Barcelona) - The EUR/CAD is becoming under a strong trend lower: “Weakness below noted support in the 1.32 zone this week pointed to a move towards 1.27/1.29, we noted earlier this week”, wrote analysts Shaun Osborne and Greg Moore, suggesting that the move lower may be moderating in the short run, “but we rather think that, as trend momentum remains bearish across a range of short-term time frames and longer-term price signals have turned negative, the potential for a strong, counter-trend rally is limited”. “We have to expect good resistance now on modest rebounds to the 1.31 area”, concluded the TD Securities analysts.

Forex Flash: All Roads leading to Rome... again - BBH

Brown Brothers Harriman analysts believe that Italy´s unresolved political situation is coming back to the fore.
Read more Previous

Forex Flash: Positive outlook for European equities – Deutsche Bank

According to Analysts Michael Biggs and Gareth Evans at Deutsche Bank, “We maintain our positive view on European equities in the medium-term. With credit growth in the euro area already negative, we believe the fundamental case for a turnaround in demand growth is strong. The turn in the credit cycle could be supported by a turn in the inventory cycle and robust global GDP growth.”
Read more Next
Start livechat