Find out what’s driving FX, equity markets, and commodities in our market forecasts. On Friday, the weekly Commitments of Traders (COT) report was released, which shows positioning in the futures ...
The main FX positioning story was the unwind of a massive carry trade and the associated yen shorts, Société Generale FX strategists note. CAD short covering looks far from over “As we suspected on 7 ...
The US Dollar snapped a seven-week losing streak against the Canadian Dollar with USD/CAD rebounding off technical support at five-month lows. The focus now shifts to a breakout of the weekly range ...
- Crude Oil correlation with the Canadian Dollar might be back in focus in current trading conditions The USD/CAD gave back all gains from Friday’s upbeat US NFP report, but the pair did manage to ...
The USD/CAD is under pressure for the fifth consecutive day after falling sharply following Friday’s NFPs and an abysmal US Services ISM report yesterday. With the Bank of Canada Rate Decision ahead ...