Home / USD CAD FORECAST

1.35 target on USD/CAD from Deutsche bank.

Deutsche bank analysts updated their outlook on USD/CAD. “We are revising our USD/CAD forecast path lower following a moderate rally in oil prices and a slower pace of Fed tightening than originally expected. USDCAD should peak around 1.35 this year and slightly above 1.40 next year on expectations that the Fed will resume its tightening […]

USD/CAD outlook from Barclays Capital.

The technical strategy team at Barclays Capital provided technical setup for USD/CAD. “We prefer to fade upticks towards 1.3165, near the 21-dma and look for the recent range highs near 1.3300 to cap a move lower towards initial targets in the 1.2830 area. Beyond there we see room towards 1.2670 next” written in the report. […]

USD/CAD bearish view from Barclays.

Barclays Capital provided technical setups for several currency pairs on March 4. The analysts expect the USD/CAD to decline to 1.3230 if it manages to fall below the their initial downside target of 1.3460. The pair closed at 1.3315 on Friday, 0.64% below the previous close.

Barclays is bullish on USD/CAD.

Barclays turned to neutral for USD/CAD in the short-term, as the currency pair closed below 1.4150 near the 21 day moving average, which increases the risk of deeper possible correction. According to the analysts at Barclays, they are bullish on USD/CAD and are looking for signs of a base to re-enter a long position. If […]

UBS short term forecasts and trade ideas

From UBS Bank: USD/CAD Forecast: From a risk/reward point of view, it makes sense to take a short-term punt here against that level, selling at 1.4170/1.4200, with a stop above 1.4225, targeting a short-term correction towards 1.4050. GBP/USD Forecast: Cable continues to tumble. After dropping to a low of 1.4507 into the close on Friday, […]

Citibank USD/CAD forecast: 1.42 in 0-3 months

Citi bank predict that continuing oil weakness may drive USD/CAD to 1.42 in 0-3 months. Their words: “Since petroleum products are Canada’s major export, the persistent oil weakness may dampen Canada’s export income. This will likely be CAD-negative. Besides, Citi’s Canada Economic Surprise Index plunged to -71.5 recently, the worst among major currencies, reflecting that […]

Scotia Bank – FX Forecasts for 2016 & 2017

Scotia Bank (third largest bank in Canada) just published their currency forecasts for 2016 and 2017. While they predict the EUR/USD to fall in 2016 to 0.95 they do see it rising in 2017 to 1.12. They forecast USDJPY rate at 131.00 at the end of 2016 and USDJPY 137.00 rate at 2017. They also […]

BNP Paribas FX Forecast for 2016

BNP Paribas, the french bank, is out with its 2016 FX forecasts. In short, they are USD and GBP bulls. USD: Bullish: “We remain USD bulls into 2016 following the Fed’s first rate hike in almost a decade. The USD will continue to benefit from higher US yields against a backdrop of ECB and BoJ […]

RBC Capital Markets 2016 FX Forecasts

RBC Capital Markets, the Canadian investment bank is out with 2016 forecasts. They recommend Long USD/JPY, USD/CAD. They also expect GBP vol to rise and see opportunity in short EUR/SEK “We still like long USD and our favourite way to express that is through long USD/JPY. We still look for USD/CAD to make new highs […]