OctaFX | OctaFX Forex Broker
Open trading account

USD/CAD to move lower during the first half of 2019  - NBF

Analysts at the National Bank of Canada forecast the USD/CAD pair at 1.30 by the end of the first quarter, at 1.27 by Q2 and 1.28 by year-end. 

Key Quotes:

“If we’re right about further oil price increases, USDCAD would move closer to our mid-year target of 1.27. Of course, that assumes the global trade picture, and hence world GDP growth, does not deteriorate from here, a possibility we cannot entirely dismiss in light of ongoing negotiations between the U.S. and China.”

“While the case for tighter monetary policy by the Bank of Canada has become weaker in light of a larger-than-expected output gap, slowing credit growth, and enhanced uncertainties with regards to the global economy, that’s not to say the loonie will repeat last year’s disastrous performance. Thanks in part to supply cuts both at home and abroad and the USD’s weakness, oil prices are now rising as we had expected and pushing USDCAD towards our end-of-Q1 target of 1.30.”

EUR/USD: Upside could be limited in coming months - Rabobank

Analysts at Rabobank, expect choppy trading in the EUR/USD pair in the months ahead.  Key Quotes:  “In the past few weeks a lot of attention has bee
Read more Previous

Gold to shine as Fed shifts into low gear and king dollar tips over - TD Securities

"Following a very strong start, gold has had a disappointing year for the most part, as it printed red for 2018," note TD Securities analysts.  Key q
Read more Next
Start livechat