UBS likes promoting upside in USDCAD and EURNOK

Want create site? Find Free WordPress Themes and plugins.


USDCAD (bearish bias):

  • Anticipate a transfer decrease from ~1.3775 in each close to and long run.
  • Expression: Desire promoting upside dangers above 1.39

  • Horizon: ~1 month.

  • Catalyst: Subsequent week’s Canada CPI the place a stronger print would probably help CAD and weigh on USDCAD.

EURNOK (bearish bias):

  • Context: Pair rose after Norges Financial institution’s shock June fee reduce.

  • Replace: July assembly sounded extra impartial.

  • View: Anticipate EURNOK to float decrease towards forecasts within the coming months.

  • Expression: Desire promoting upside above 12.zero over a 1-month horizon.

This text was written by Arno V Venter at investinglive.com.

Did you find apk for android? You can find new Free Android Games and apps.
0 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply

Your email address will not be published.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