GBP/CAD is still trading in a range above the 200-day MA but is within a broader downtrend and looks vulnerable to further weakness. Brexit machinations will continue to dominate Sterling and inflation data is the main release for CAD
July 15,2018
The Canadian Dollar rose Thursday, extending gains notched up on Wednesday in the wake of the Bank of Canada's (BoC) latest interest rate rise, although the BoC's latest statement has done little to clear the air of uncertainty and confusion hanging over the currency.
July 16,2018
The Canadian Dollar rose sharply against its developed world counterparts Wednesday after the Bank of Canada (BoC) raised its interest rate for the fourth time in the last 12 months and signalled its intention to continue withdrawing stimulus from the Canadian economy over the coming quarters.
July 11,2018
The Canadian Dollar rose against a majority of its developed world rivals Tuesday but analysts are increasingly of the view that gains for the currency will be short-lived, as Wednesday's Bank of Canada (BoC) meeting is likely to produce a classic "buy the rumour and sell the fact" reaction from the market.
July 10,2018
GBP/CAD at risk of a breakdown due to central bank action, price charts are meanwhile also signalling a bearish bias as Elliot wave pattern points to 1.70s
July 9,2018
The Pound-to-Canadian-Dollar rate rose as the new trading week got underway Monday but the pair looks vulnerable to a break lower during the days ahead.
July 9,2018
The Candian Dollar extended losses against its developed world rivals Friday after traders responded to a mixed June jobs report by offering the Loonie lower, as the data appears to have done little to change the equation around Bank of Canada interest rates.
July 6,2018
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