Tag Archives: form

Oil Prices Could Drive the CAD Lower Before the Recession Ends

DailyFX.com –

Oil Prices Could Drive the CAD Lower Before the Recession EndsOil Prices Could Drive the CAD Lower Before the Recession Ends

Fundamental Forecast for CAD: Bearish

The Canadian Dollar continued to slide lower to start the week, furthering the return of the up-trend in USD/CAD led by a precipitous drop in Oil prices. But a surprise decrease in Oil supplies on Wednesday helped to strengthen Crude prices to finish off the week, and this led to CAD strength for the past three days. But after extended down-trends in both Oil and Cad, the prospect of trend resumption may be near and an attractive entry in both of these markets may be near. read more

Post-Fed GBP/USD Rebound at Risk on Dovish BoE, Soft Inflation Report

DailyFX.com –

Post-Fed GBP/USD Rebound at Risk on Dovish BoE, Soft Inflation ReportPost-Fed GBP/USD Rebound at Risk on Dovish BoE, Soft Inflation Report

Fundamental Forecast for British Pound:Neutral

With GBP/USD largely reversing the decline following the Federal Open Market Committee’s (FOMC) policy meeting, the pair may continue to face range-bound prices in the week ahead as market attention turns to the Bank of England (BoE) interest rate decision on November 3. read more