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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.
October 30,2017
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.
October 26,2017
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.
October 26,2017
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 breakdown in the NAFTA negotiations.
October 25,2017
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.
October 23,2017
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.
October 20,2017
The Canadian Dollar was seen lower after a key survey of Canadian economic strength suggests activity might have peaked.
October 16,2017
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