CAD/JPY – Daily – Taking Advantage of Canada

Main Takeaway: Long-term Trend – Up Current price position – lower end in the current uptrend Huge Oil Drop – 20% Confirmed Accumulation Zone D1 Double Bottom D1, accompanied by strong spikes Gold Cross D1 DeM: 0.22 RSI: 43.5 The… You need ・Varchev Trading Club・ membership subscription to enter this page. (19.90€ / monthly; 199€ […]

It seems Trump has completely confused Bank Of Canada’s plans

Bank Of Canada will seek to weaken the currency as Canada’s economy shows clear signs of slowdown, said Peter Kotsopoulos, CEO of MFS Investment Management Canada, specializing in the trading of fixed income instruments. The Canadian dollar declined by nearly 3% against the dollar this year, as traders expect Bank of Canada manager Stephen Poloz […]

The currencies of the countries with the biggest GDP improvement rally – CAD, NOK, SEK

A trading theme has dominated the FX market lately: growth is rewarded. Canada, Norway and Sweden, which have shown the biggest improvement in Citigroup’s economic surprise indexes among major economies over the past three months, have also seen their currencies rally the most. Based on this measure, the dollar looks oversold against the NZD, EUR, […]

Hedge Funds Wager Loonie Rally Has Legs as Market Turns Bullish

It took the first Bank of Canada rate hike in seven years, but hedge funds are finally convinced that the loonie’s strength is here to stay. Less than two months after amassing record short positions against the Canadian dollar, hedge funds and other large speculators have done an about-face. As of last week, they’re wagering […]

CAD: The currency is to strengthened even more, with looming BoC meeting

CAD overnights trade at a premium to most majors and the loonie’s 1-mo. tenor ahead of dueling U.S. and Canadian payrolls; a soft Canadian number could dampen expectations of a near-certain BOC rate hike next week. * CAD mid overnights trade as high as 15.3300 intraday, highest level since early January, as the spread to […]

Massive CAD short Squeeze as investors turn neutral on USD

Scotiabank FX Strategy Research comments on the latest Imm report (covering up to Tuesday, June 27 and were released Friday, June 30). In particular, ScotiaFX notes that net CAD shorts tumbled by $2.5 bn. this week, which is the largest, 1-week positioning shift in the CAD’s favor since 2014. ” This looks to us to […]

CAD: The Loonie Takes Flight;What’s the Trade? – SocGen

Societe Generale FX Strategy Research notes that the hawkish commentary from Bank of Canada officials this month has taken the FX market by storm. “The signal from the BoC is very clear, and a rate hike is imminent, if not in the July meeting, then in September. A full economic update will be released with […]

USD/CAD: Signal for increase

USD/CAD: 15.06.2017 Our expectations: False breakthrough of diagonal and horizontal support with a price action signal for a likely increase. Alternative Scenario: If the price returns under diagonal support, we may see a breakthrough and a new downward movement. Comments: Upward trend, adjustment to support levels where we can position long. 50/200MA: 50 over 200 […]

Loonie Surge on BOC Bets Signals Break From Commodities

The loonie’s rally Monday showed it’s breaking free from commodity prices, which tumbled. The currency surged after Bank of Canada Senior Deputy Governor Carolyn Wilkins signaled in a speech that economic growth is broadening and that the central bank, when it comes to stimulus, may need to let up on the gas. “The hawkish nature […]

CAD/JPY: Probable shorts, after a break below 81.07

CAD/JPY: Our expectations: Downward movement is likely to continue after the price break below 81.07, stop 81.775 Alternative Scenario: Passing the price above 81.775 will break the negative formation. Comment: Downward price movement, trend is short Break below point 2, a negative signal of formation 1,2,3 and Ross’s hook Engulfing bar – negative signal Indicators […]