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The Canadian dollar usually has a Siamese closeness to oil, but this has broken down recently due to the forces pushing black gold higher, argues CIMC’s Avery Shenfield.
October 19,2016
CAD potentially lifted by oil may dig flash crash depths whilst analysts argue about whether all the Brexit bad news has now been absorbed by sterling.
October 18,2016
The GBP/CAD pair pushed lower at the start of the week after a deal between Russia and OPEC to raise prices by cutting the supply of oil led to a rebound in CAD.
October 14,2016
Although the Canadian dollar has received a boost from strong employment data the pound is technically looking like it may have bottomed despite continued shaky fundamentals.
October 11,2016
The GBP/CAD pair has experienced more downside on worsening Brexit fears, and the more volatile GBP counterpart is likely to continue setting the tone in the second part of the week.
October 7,2016
Downside expected to dominate as Canadian data and the outlook for oil improve, whilst impending Bank of England stimulus caps sterling.
October 4,2016
The GBP/CAD pair is in a short-term up-trend, which is expected to extend higher as Canadian economic fundamentals deteriorate.
September 30,2016
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