Canadian Dollar

The weekly chart is showing signs of a technical reversal after posting three up-weeks in a row and forming a Japanese candlestick pattern called a 'three white soldiers', which is a sign of a bullish reversal in the exchange rate.

September 9,2018

The Canadian Dollar handed back earlier gains Friday after official data showed the nation's labour market wobbling in August, countering optimism that prevailed after a Bank of Canada (BoC) deputy governor said policymakers recently contemplated stepping up the pace of their interest rate rises.  

September 7,2018

USD to CAD daily

USD/CAD chart adopts a "different complexion" after bullish channel breakout show latest post-BoC technical studies.

September 6,2018

The Canadian Dollar weakened a touch Wednesday after the Bank of Canada (BoC) left its interest rate unchanged for December as many had expected, leaving investors to focus on mounting risks to North American Free Trade Agreement (NAFTA) and Canada's trade relationship with the US. 

September 5,2018

Canadian Dollar

GBP/CAD has recovered on NAFTA risks and Brexit progress and the charts suggest the pair may be reversing the down-trend on a short-term basis. The main release for the Pound is sector PMI data and for CAD it is the meeting of the Bank of Canada.

September 2,2018

The Canadian Dollar was on the back foot Friday and is expected to remain on the defensive ahead of a pivotal announcement covering the outcome of North American Free Trade Agreement (NAFTA) negotiations that is expected to come ahead of the weekend.  

September 7,2018

The Canadian Dollar extended losses Thursday after official data showed economic growth picking up sharply in the second quarter but at a slower than expected pace, which may now cast doubt over whether the Bank of Canada goes ahead with another interest rate rise in September.

August 30,2018

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