GBP/CAD is in a strong downtrend but nearing a support zone and the bear trend could stall is buyers come in at the May lows. The main event for Sterling is the Bank of England meeting, for CAD it …
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The Canadian Dollar rose broadly Wednesday but fresh losses beckon over the summer months, according to analysts at Bank of America Merrill Lynch, who are arguing that an apparent exodus of in…
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USD/CAD has weakened after strong run of data and is not at major support area and further weakness possible assuming break below 1.31-30 say analysts.
Read more … →The GBP/CAD rate broke lower following strong retail sales and inflation data at the end of last week, with bears finally managing to pierce below the stubborn 200-day moving average, and the pair …
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Data out of Canada ahead of the weekend has allowed the Canadian Dollar to top the foreign exchange leaderboard.
Read more … →The Canadian Dollar rose against many of its rivals Monday although respite from recent losses is likely to prove short-lived, according to multiple analysts, who are advocating that clients contin…
Read more … →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 infla…
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