Browsing Tag

Canadian Dollar (CAD)

Surfing the Waves with Gregor Horvat: GBPUSD, USDCAD, NZDUSD & More!

Gregor Horvat Oct 26, 2021 351 0

In today’s advanced Elliott Wave analysis Gregor dives into the five most interesting opportunities for the week ahead! Watch how he analyses equities, FX Majors, and Commodities and discover how he applies EW principles to come up with…
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Technical Analysis

Intraday Market Analysis – GBP in Key Supply Zone

Jing Ren Oct 25, 2021 392 0

GBPUSD to test critical resistance The sterling hit the brakes after the UK’s retail sales fell for the fifth month in a row in September. The pair has been inching up towards the hurdle on the daily chart (1.3900). The RSI’s…
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Technical Analysis

The Week Ahead: Market expects Hawkish Shift from ECB

Jing Ren Oct 22, 2021 270 0

EURUSD recovers as ECB taper pressure grows The euro bounces back as markets expect a more aggressive stance from the ECB. Now that growth within the bloc has almost recovered to the pre-pandemic level, the ECB is one of the last…
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Technical Analysis

Intraday Market Analysis -GBP Consolidates Gains

Jing Ren Oct 21, 2021 376 0

GBPUSD seeks support The pound’s rally stalled after Britain’s core CPI dropped below 3% in September. The pair’s recovery has picked up the pace after a close above the daily resistance at 1.3730. 1.3900 is the main hurdle and a…
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The Week Ahead – Risk Assets Bounce as US Dollar Retreats

Jing Ren Oct 15, 2021 10,731 0

GBPUSD rises back as recovery gains traction The pound bounces higher as the UK's recovery may have gained a foothold. Britain’s economy grew 0.4% month-on-month in August, following a 0.1% contraction in the previous period.…
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Fundamental Analysis

Will There Be Any Fallout in the Markets from the Canadian Snap Election?

Daniel John Grady Sep 17, 2021 942 0

Back in mid-August when snap elections were called in Canada it mostly seemed like a formality. At the time, PM Trudeau enjoyed improved popular support and good prospects at the polls. Despite the resolution in May to not hold an…
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Technical Analysis

Intraday Market Analysis – CAD Claws Back Losses

Jing Ren Sep 16, 2021 577 0

USDCAD capped by key resistance The Canadian dollar recovered after a rise in the August CPI. The previous attempt to break below 1.2500 has put the bulls under pressure. The rebound met offers at 1.2760 when the RSI was in an…
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Technical Analysis

Intraday Market Analysis – Dax Extends Consolidation

Jing Ren Sep 13, 2021 670 0

GER 30 tests key support The stock markets recover as a discussion between Biden and Xi raises hopes of a thaw in US-China relations. The Dax 30 has found buying interest on the daily support (15450). A bullish RSI divergence…
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Technical Analysis

Intraday Market Analysis – CAD Struggles for Support

Jing Ren Sep 9, 2021 484 0

USDCAD grinds higher The Canadian dollar weakened after the BOC left the current QE unchanged. Following the pair’s bounce off the daily support at 1.2500, the break above the congestion area near 1.2640 suggests strong commitment…
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Fundamental Analysis

BOC Rate Decision and August Ivey PMI

Daniel John Grady Sep 7, 2021 968 0

Tomorrow could be a pretty active day for CAD pairs. This is due to the simultaneous release of two key macro events. There is a relatively firm consensus on what the BOC will agree to at their meeting. Therefore, there is less of a…
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