The clear intent to raise rates in the US alongside struggling oil prices and other factors weigh on the loonie. The team at TD marks a target: Here is their view, courtesy of eFXnews: The response of the USD to the Yellen and Fischer speeches will be the crucial factor for CAD into the weekend. We [...]
The post USD/CAD: En-Route Fro A Test Of 1.3650 In The Coming Weeks – TD appeared first on Forex Crunch.
Former French Prime Minister Alain Juppe was seen as a viable, centrist alternative to his struggling peer Françios Fillon in the French Presidential Elections. He lost the primaries in the center-right Les Republicans to Fillon, but since then, Fillon has been embroiled in scandal. With calls on Fillon to quit, Juppe was seen as a great hope [...]
The post EUR/USD falls on Juppe – a buy opportunity? appeared first on Forex Crunch.
After a very long period of depression and consolidation in low ground, oil prices began rising as we approached the OPEC deal in late November. And when that indeed happened, the black staff showed resilience and cautiously continued higher. The deal between OPEC members and the inclusion of non-OPEC members in the commitment to cut [...]
The post Oil continues struggling and it weighs on CAD – 3 reasons appeared first on Forex Crunch.
EUR/USD is on the rise: after consolidating its most recent gains seen on Friday, the pair makes another move to the upside, reaching 1.0640. What is behind the move? There are two main forces moving the pair. French hopes In Europe, the political focus is on the French elections. Centrist candidate Emmanuel Macron is gaining ground [...]
The post EUR/USD extends gains on French elections, USD sell-off appeared first on Forex Crunch.
