Analysts of Optionova Announce (Other (Not Listed) Sample)

Analysts of Optionova announce, that US dollar continues to grow against the Canadian dollar
The Canadian dollar continued its decline against the US dollar during January 2014. Positive economic data on the USA economy, released on Wednesday and Thursday, strengthened the position of the U.S. dollar against the Canadian dollar. The only event this week, that will be able to change the situation in favor of the Canadian dollar, it is a monthly report on Canada's GDP , which will be published on the 31st of January, 2014 at 17.30 Moscow time.
Recently, Canada's GDP was very stable. Values ​​of the last three months amounted 0.3%. It should be noted that each of these parameters was higher than it was predicted. Estimation for the upcoming report is 0.2 %, which is an understated outlook. If GDP data will not make the established forecast, it is possible continuation of Canadian dollar positions’ losses.
What expects the Canadian dollar rate against the situation, experts from Masterforex-V World Academy ( HYPERLINK "-v.com/"
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Optionova.
Reasons for the decrease of the Canadian dollar and increase of the US dollar
The dollar rate has strengthened not only against the Canadian dollar, but also against all world currencies, due to the unanimous decision of the U.S. Federal Reserve on sustained mitigation program of quantitative monetary policy’s cushion. The result of cushion was reduction of the foreclosure mitigation bonds for 10 billion dollars. Another reason is improvement of macroeconomic indicators: unemployment data and monthly indicators of GDP.
Consumer price index in Canada was below zero, indicating deflation, indicating economy’s inefficiency. The Bank of Canada kept its neutrality with regard to how interest rates data develops. Canadian Bank will adhere to the established rates. The Central Bank lowered its forecasts for inflation over the next two years. The Bank of Canada also emphasized that while the recent devaluation of the CAO will support the export sector, the economy will continue to maintain the competitiveness of non- resource export sector suppliers.
According to analysts Optionova, wobbly Canadian dollar is in difficult situation, associated with problems in the economy. Most likely, the upcoming release of macroeconomic data in Canada will not affect the further appreciation of the U.S. dollar against other major world currencies.
Currency pair USD/CAD through the eyes of...