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Despite Sterling opening stronger against the Canadian Dollar, from a technical standpoint the trend in GBP/CAD is now marginally bearish.
April 29,2019
The Pound-to-Canadian-Dollar rate is condemned to trade within a narrow range over the coming week, according to technical analysts at Scotiabank, although the outlook for the USD/CAD rate appears to be dividing forecasters and strategists.
April 26,2019
The Canadian Dollar weakened against rivals Wednesday after the Bank of Canada (BoC) abandoned the so-called 'tightening bias' that would have eventually seen it go on lifting interest rates over the coming quarters, before laying the foundations for a possible shift to an 'easing bias' at a later date.
April 25,2019
The Canadian Dollar remains the best performing currency in the G10 universe for 2019 but that could all change this week if analyst commentary on the Loonie is anything to go by, given many are warning clients that losses are looming on the path ahead.
April 23,2019
The Pound is looking marginally bearish against the Canadian Dollar from a technical perspective, leading us to expect declines over coming days.
April 22,2019
The Canadian Dollar was among the best performing currencies in the G10 space Thursday after February retail sales numbers surprised on the upside but analyst commentary ahead of the Easter weekend suggests Bank of Canada (BoC) rhetoric could weigh on the Lonnie next week.
April 18,2019
The Canadian Dollar extended gains in a risk-on market Wednesday after March inflation figures surprised on the upside and Statistics Canada revised earlier estimates of the trade deficit in favour of the Loonie, which has got some eyeing the Bank of Canada (BoC) ahead of next week's policy statement.
April 18,2019
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