Loonie soars. Forecast as of 04.04.2022

Expectations of an overnight rate hike encourage USDCAD bears. Despite the high demand for the greenback as a safe-haven asset, sellers feel confident and believe that the Fed will aggressively tighten monetary policy. Let's discuss the topic and make up a trading plan.

Weekly Canadian dollar fundamental analysis

While European currencies are struggling due to their proximity to the war zone, USD and CAD benefit from their territorial distance. Lack of dependence on Russian oil and gas, tens of thousands of kilometers from the armed conflict in Ukraine, a rally in global stock indices, and the BoC's readiness to respond to the… Read full author’s opinion and review in blog of #LiteFinance