The Canadian Dollar rose sharply after Canadian retail sales rose by 2.2% compared to the month before
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The Pound to Canadian Dollar exchange rate has been consolidating within a fairly narrow range between 1.62 and 1.65 for several weeks now, but now it is starting to show signs of directional activ…
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The price of crude oil fell 9% last week as inventory data showed stockpiles rising whilst data from futures exchanges showed a record high number of long or buy positions.
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Concerning the near-term outlook, the exchange rate has now formed a possible double bottom reversal pattern at the lows which could signal a reversal of the downtrend if it results in activation b…
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We look to the weekly chart form inspiration on the Pound to Canadian Dollar Pair, which has just broken above a key long-term trendline in a bullish move higher.
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The Canadian Dollar is expected to weaken versus all its major trading partners over the next two years, according to analysts’ predictions at Investment Bank CIBC Capital markets.
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The Canadian Dollar could benefit against the US Dollar on month-end flows while against the British Pound and the Euro it retains a mild bullish tone.
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