GBPCAD

Starting Jan 15, 2017, GBPCAD has traded within the positive region of the ascending channel. Numerous attempts to penetrate the ascending trendline starting Sep 06, 2017, have failed. Bears have proven to be stronger than bulls…

EURAUD Struggles to Keep High Ground The euro is facing strong headwinds as the block struggles to come up with a concerted rescue plan. Calls for joint bonds to finance coronavirus-related policies have met resistance from Berlin, which…

It’s been a roller coaster ride for GBPCAD. The pair has carved a huge range with a potential temporary base at 1.6300, and a potential temporary top at 1.800. The daily chart above suggests that, since we are trading under the 1.7000…

Trade of the week EURUSD Recoups January Losses The single currency bounced back after having erased all of December’s gains. Last week, the Fed reaffirmed its commitment to raise inflation to the elusive 2% and showed optimism in…

Trade of the week USDCHF Makes A Comeback The US dollar has been holding strong against major currencies ahead of the Fed’s first meeting of the year. Market participants eagerly await the central bank’s policy outlook for 2020. As…

Trade of the Week GBPCAD Struggles to Rally Higher The British pound is in a recovery mode after Bank of England Governor Carney’s dovish comment last week. Speculations run rife that the central bank will cut rates this year, even…

After the dramatic impact of the ECB decision yesterday, the markets are still not done for the week, as the traders and investors are still digesting the ECB Chairman Mario Draghi confusing remarks, which led the Euro to decline below 1.09…

During the US session ahead, there are many economic figures will be released from the US and Canada, which set to have a notable impact on the markets. However, we will concentrate on the Canadian figures today, especially that the…