Citibank analysis leads it to advocate selling CAD versus the US Dollar "on retracements".
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The Canadian Dollar reversed earlier losses and marched higher Tuesday after official data showed economic growth picking up much faster than was expected during May, prompting some analysts to loo…
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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 …
Read more … →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.
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