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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.
March 13,2017
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 by way of a break higher.
March 13,2017
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.
March 6,2017
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.
March 2,2017
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.
February 27,2017
A major contributing factor to the outlook for the Canadian Dollar (Loonie) is the realisation of Donald Trump’s plans for Border Adjusted Tax policy or BAT for short.
February 24,2017
The GBP/CAD pair continues to move sideways under a trendline in the 1.65s forming a bull flag pattern in the process which is likely to breakout higher and rise roughly the same distance as the length of the ‘pole’.
February 20,2017
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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.
