GBP/CAD at risk of a breakdown due to central bank action, price charts are meanwhile also signalling a bearish bias as Elliot wave pattern points to 1.70s

July 9,2018

The Pound-to-Canadian-Dollar rate rose as the new trading week got underway Monday but the pair looks vulnerable to a break lower during the days ahead.

July 9,2018

The Candian Dollar extended losses against its developed world rivals Friday after traders responded to a mixed June jobs report by offering the Loonie lower, as the data appears to have done little to change the equation around Bank of Canada interest rates.  

July 6,2018

The Canadian Dollar has arrested a month-long sell-off relative to the Pound and US Dollar, rising by a fraction against both rival currencies during the five days to Wednesday, 04, July, although analysts are warning the Loonie's current period of respite will soon give way to renewed losses. 

July 4,2018

The Canadian Dollar continued to rise against many of its developed world rivals Monday but fell relative to the US Dollar and Yen, both so called safe-haven currencies, in a telling sign of what may be to come for the Loonie now the 2018 Mexican election has vaulted an outsider candidate into the highest office of the country. 

July 2,2018

Technical studies suggest GBP/CAD might be turning lower after a good run but Canadian employment data at the end of the week dominates CAD calendar and could move the market. The Pound meanwhile faces PMI data and important Brexit news this week

July 2,2018