EXNESS - Analytics

    EXNESS

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    USDCAD: growth against the background of lower key interest rates in Canada

    Buy on rebound from 1.2870 level with 1.2935 target. Stop loss = 1.2820.

    Reason for the trading strategy

    Yesterday, the Bank of Canada lowered its key interest rate from 0.75% to 0.5%. According to the regulator, investment in the energy sector will be reduced by 40% in 2015. The Bank of Canada expects the GDP to decrease by 0.5% (y/y) in Q2. In Q3 2015, the regulator predicts the GDP to grow by only 1.5% (y/y), and the inflation rate to grow up to 2% (y/y) no earlier than the first half of 2017.

     

    USDCAD, H4

    NZDUSD


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