Canadian Dollar Rate Forecast: Poloz Gives CAD Bulls a Cold Shower
The Canadian Dollar continues to trade near 1.30 CAD per USD, and the trend of rate expectations and coming concerns regarding NAFTA could fuel further weakness.
The Canadian Dollar continues to trade near 1.30 CAD per USD, and the trend of rate expectations and coming concerns regarding NAFTA could fuel further weakness.
A nascent Euro recovery was cut off at trend line resistance following dovish comments from ECB President Draghi. Bearish resumption may now be in the cards.
The US Dollar Index (DXY) has a new power cheerleader, the soon-to-be-crowned Senior Economic Advisor to the White House, Larry Kudlow could encourage USD Bulls.
The Nikkei 225 has spent days skirting the top of its most obvious downtrend channel. If the bulls are going to stage a jailbreak, they need to do it soon.
Cryptocurrencies are starting to gain downside momentum again, looking for a lot lower prices across the board as the speculative unwind continues.