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08.01.2014 admin
1.1975 was breached for the first time since November 2005 and has switched to a support level. A native of Toronto, Canada, Kenneth worked for seven years in the marketing and trading departments at Bendix, a foreign exchange company in Toronto.
Foreign exchange (Forex) trading carries a high level of risk and may not be suitable for all investors. The Canadian dollar (CAD) is forecast to see strong declines against the US dollar in 2015 while losses against the euro, pound sterling and other majors are possible. The prediction, made by exchange rate analysts at BMO Capital, comes at a time when the CAD finds itself vulnerable to decreasing oil prices.

This indicator is linked to currency demand, as foreigners must purchase Canadian securities with Canadian dollars. Investment objectives, risk appetite and the trader's level of experience should be carefully weighed before entering the Forex market. However, the markets are braced for a softer reading in July, with an estimate of C$-1.4 billion.
An independent FX provider will however guarantee to undercut the bank's offer thus delivering you more forex.
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