EURCAD 1:4 BREAKOUT Long Term Bias
Strong fundamentals in favour of EUR
- CAD NAFTA Agreement with US likely to have less trade due to reduced investment in the US
- FOMC mentioned in their recent statement that they would not raise rates, investors will seek to move money into other securities to find higher returns on investments
- This hurts Canadas economy due to US being a major trade partner
- CAD NAFTA Agreement with US likely to have less trade due to reduced investment in the US
- FOMC mentioned in their recent statement that they would not raise rates, investors will seek to move money into other securities to find higher returns on investments
- This hurts Canadas economy due to US being a major trade partner
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