Comments and forex-analytics from FBS Brokerage Company - page 76
You are missing trading opportunities:
- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
Registration
Log in
You agree to website policy and terms of use
If you do not have an account, please register
UBS: bullish forecast for USD/CAD
The greenback rose versus its Canadian counterpart from July minimums in the 0.9400 zone to the levels above 1.0500.
Currency strategists at UBS are bullish on USD/CAD as the Canadian trade flows worsen and the interest rate support is fading. In their view, the treat for CAD is in the growing reliance on foreign buying of debt denominated in loonie and rising domestic leverage levels.
According to the bank, the pair will reach 1.1000 by the end of the year.
Mizuho: forecasts for EUR/USD
Analysts at Mizuho believe that the single currency will fall versus the greenback to $1.3100 in a month, then rebound to $1.3400 by the end of 2011 and reach maximum at $1.3600 in 6 months before resuming its decline. The specialists say that the pair EUR/USD will trade at $1.3000 in a year from now.