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Business / Finance

The foreign exchange market. Caution - Canada!

Forex Club 26.10.2017 at 11:00

For USD/ CAD is an interesting situation. Unfortunately, the Bank of Canada gave no hint of imminent rate increase or a positive trend in the canadian economy. Ie no clue how to turn a pair. It is therefore likely a break above the 1.28 and the attempts of the further growth.

so the head of the Central Bank said that the need to be "careful about further rate increases". After the controller twice without warning and the hint raised the rate it was quite predictable. But some traders are still hoping that will be another surprise. That's why such a sharp reaction USD/CAD.

Yes, the Bank of Canada raised its forecasts for growth in 2017 and 2018, but has again highlighted the low levels of inflation. And, then, it will not have to fight. And, after this meeting, market expectations of a rate hike in December has fallen to 34% from 44% previously.

What this gives us? You have to be careful. Despite the continued growth of the pair, do not expect a correction now. It is likely that the pair still comes down to 1.30 and try to test it. And only after an unsuccessful attempt will start turning.

Warning: Profitability in the past does not mean profitability in the future. Any projections are for informational purposes and do not guarantee results.

Game of thrones battle of the cubes. Forecast for Q4 2017

"Winter is coming..." This phrase is not only the main message of the series Game of Thrones, but the message of the new quarterly forecast. We're getting closer not only to the calendar winter, but also to the peak of geopolitical risks and global challenges. And in the new order will win only the strongest or the combined forces. Which currency will be the weakest in the 4th quarter? On which index to make a bet? What metals will rise in price? Should I buy aproactive? All of these questions you answer, the analysts of Forex Club in the next quarterly forecast.

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