A shift in commodity market dynamics and "less pessimistic" sentiment amongst key investors leads analysts at Macro Hive to say the Canadian Dollar's prospects are turning more constructive.

August 1,2023

The Pound to Canadian Dollar exchange rate entered the new week on the back foot near a major level of technical resistance on the charts and was attracting sellers ahead of the latest Bank of England (BoE) forecast update and North American job reports while risking slippage back toward the 1.96 handle.

July 31,2023

The Canadian Dollar's July rally against the likes of the Pound and Euro has suffered a setback and is at risk of reversing in the wake of the July Federal Reserve interest rate hike and guidance update.

July 27,2023

The Pound to Canadian Dollar exchange rate has reversed sharply from some of its highest levels for more than a year and entered the new week with a nine-month uptrend hanging in the balance on the charts with the outlook hinged on whether it can hold a nearby technical support in the 1.6850 area. 

July 24,2023

CAD extended a trend of weakness against the majority of its peers after headline Canadian inflation numbers undershot expectations by a sizeable margin, however, a stubborn trimmed mean inflation reading offers some lingering support.

July 18,2023

The Pound to Canadian Dollar exchange rate entered the new week at more than one-year highs but could be susceptible to a sharp corrective setback if UK inflation rolls over on Wednesday though the prospect of further declines in Canadian inflation beforehand could support GBP/CAD ahead of the midweek session.  

July 17,2023