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Prepare for a possible 'sell the rumour buy the fact' reaction from CAD ahead of Friday's Q4 GDP release.
February 28,2018
After breaking higher GBP/CAD inches closer to key May highs at 1.7840.
February 26,2018
“We are comfortably cautious on CAD and reckon the market has been unjustifiably overlooking a turn gear lower in the Canadian economy; one that will keep the BoC sidelined until later this year.”
February 23,2018
Traders were expecting the Bank of Canada to raise interest rates by 25 basis points again before July but Thursday’s data has probably dented this expectation, with implications for the Loonie.
February 23,2018
More upside is expected from GBP/CAD as a persuasive chart pattern looks to be forming which heralds more upside for the pair.
February 19,2018
Oil prices and the Canadian Dollar both rose following the release of data showing lower US stockpiles mid-week.
February 15,2018
The Canadian Dollar and oil used to go together like the proverbial 'horse and carriage' until the link broke - now it has returned argues Barclays.
February 13,2018
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Need Help? WhatsApp me.
Horizon Currency's dealing desk is here to answer any questions you have about the market.
Sam is one of our specialists and can be WhatsApped questions via this link.
