You are not logged in.

#1 02-06-2015 13:29:44

johnedward
Admin & Trader
From: Paris - France
Registered: 21-12-2009
Posts: 2593
Website

USD/CAD: SocGen bank favours this pair for US dollar purchases

USD/CAD: SocGen bank favours this pair for US dollar purchases


http://www.forex-central.net/forum/userimages/LOGOsociete-generale.png


"The conditions are in place for a dollar rally this summer but the risks depends on US statistics during the next two weeks. If the non-manufacturing ISM and NFP report are good, traders' attention will turn to the next FOMC meeting on 17 June.

A sign indicating a possible rate hike in September would give a big boost to the dollar in the wake of a rise in borrowing rates.

The plan is therefore to observe a decline in the dollar and buy it cheap. We believe that the best pair to benefit from a rising dollar is the USD/CAD pair. If 0.78 does not give in, it will be a good entry point to aim for the upside.


"Anything worth having is worth going for - all the way." - J.R. Ewing

Offline

 

Board footer