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USD/ CAD is in no hurry to return to sales. Not even weak U.S. dollar and strong dynamics of oil, the canadian dollar is experiencing difficulties with the restoration of their positions. And this is a sure sign that the pair may again resume growth.
data released today by the canadian retail sales disappointed the markets on a monthly basis, the index rose only 0.1% versus +0.9 percent. In General, the canadian economy has not yet shown the stability that would allow the Bank of Canada to raise rates in the coming quarters. But it is negative for CAD.
What this gives us? Each pair correction down is a great opportunity to enter shopping. It is likely the pair will try to return to the area 1,2820.
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.
usd/cad, Forex club
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