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Talking about USD/CAD on CNBC this morning

Last updated: May 3rd, 2017 at 09:59 pm

Here is a video of my appearance on CNBC this morning, in which I am talking about my views on the forex major pair, USD/CAD.

I believe that the deterioration n the momentum on the US dollar is being reflected in this chart here. The Canadian dollar has been under huge pressure in the past 12 months, but now momentum indicators suggest that a change of outlook may be approaching. I find this to be an interesting development due to the fact that the Loonie has previously been one of the worst performing majors against the dollar but it could now be turning a corner.

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At Hantec Markets Ltd we provide an execution only service. Any opinions expressed by analyst Richard Perry should not be construed as investment advice or an investment recommendation. This report does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. Forex and CFDs are leveraged products which can result in losses greater than your initial deposit. Therefore you should only speculate with money that you can afford to lose. Please ensure you fully understand the risks involved, seeking independent advice if necessary prior to entering into such transactions.