Saturday , February 24 2018
Home / Blogs / USD/CAD Risks Testing 1.2940 Level Amid Nafta Talks

USD/CAD Risks Testing 1.2940 Level Amid Nafta Talks

(Bloomberg)–
USD/CAD already trading close to high-frequency fair value while positioning in the loonie looks stretched, signaling the start of Nafta talks might favor upside momentum in pair, TD Securities strategists Brittany Baumann, Mark McCormick and Andrew Kelvin write in note.
• Risk of any country withdrawing from Nafta or “an outright trade war” remains less than 5%; ultimately, expect the renegotiations to result in “a new, modernized agreement”
• NOTE: First round of Nafta negotiations set to begin Wednesday

About Makkaba Co., Ltd.

Makkaba Co., Ltd.

Hotline: (+84)(0) 904935786; Tel.: (+84) (0)28.35208726
Email: m2mtradingsignals@gmail.com - Phone:

Check Also

Asia roundup; Kiwi depreciates against major peers despite robust retail sales data, Asian markets in green, Gold hovers around $1,330 mark – Friday, Feb 23, 2018

Asia roundup; Kiwi depreciates against major peers despite robust retail sales data, Asian markets in …

AUD/USD recovery capped below 5-dma, eyes 200-dma at 0.7776

AUD/USD recovery capped below 5-dma, eyes 200-dma at 0.7776 AUD/USD reverses temporary bounce seen on …

Leave a Reply

Your email address will not be published. Required fields are marked *