The marketโs large net-long position in the Canadian Dollar, combined a step-change at the BoC, is a perfect recipe for a steep correction in the Canadian Dollar according to strategists.
Read more … →Multiple bullish signals adorn the chart of the Pound-to-Canadian Dollar, which combined with a probable interest rate rise in the UK suggests more upside for the pair.
Read more … →The Bank of Canada has entered the go-slow lane, and kicked the Canadian Dollar for its strength, which means a record net-long position may be at risk of unwinding.
Read more … →Traders had amassed the largest net-long position seen in the Canadian Dollar since 2012 during recent months but these may now begin to unwind following Wednesday's BoC statement.
Read more … →The last six months saw traders amass their largest net-long position in the Canadian Dollar since 2012 but this is now at risk from softening economic data, a go-slow Bank of Canada and a breakdowโฆ
Read more … →A volatile cocktail of bullish bottoming chart pattern and key Bank of Canada (BOC) rate meeting next week could lead to some big moves for the Pound-to-Canadian Dollar we believe.
Read more … →Underlying inflation pressures are still "missing in action", leading to a steady core-CPI number, while a fall in takings at food and beverage stores drove the decline in retail sales.
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