Friday’s data comes amid increased uncertainty for the Canadian economy and the Dollar. Higher rates, slower growth and NAFTA risk are all in focus.
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The Canadian Dollar has always been characterised by its strong relationship with the price of oil and as third-quarter trade data is released we investigate the latest twist and turn of the relati…
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Expectations for further BoC rate hikes may be too optimistic and investors could be underestimating challenges posed to the economy by higher interest rates.
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The Canadian Dollar will probably take its cue from GDP and labour market data in the coming week, whilst The Pound will move according to Brexit negotiations - the charts remain marginally bullish…
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A succesful renegotiation is still seen as most likely but break-up risk will increase once beyond March 2018, raising the threat level for the Canadian Dollar.
Read more … →The highlights of the week ahead are the conclusion of trade talks between the US and Canada and the UK Autumn Budget, whilst the charts are showing a tentative uptrend advancing higher.
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A breakup of the NAFTA block could see the USD/CAD rate go past 1.3225 which, in turn, which could help push Pound-to-Canadian-Dollar much higher.
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