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Pound fluctuates on Supreme Court ruling; Loonie jumps on pipeline deal

Pound fluctuates on Supreme Court ruling; Loonie jumps on pipeline deal

The pound see-sawed in today’s European session as the British currency saw volatility both before and after the Supreme Court’s ruling on the triggering of Article 50. The US dollar recovered from earlier lows, while the Canadian dollar surged after ...

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USD/CAD plummets on Tuesday

USD/CAD plummets on Tuesday

"Given the commodity dollar-bloc strength, it's fair to think that the momentum could continue, which would likely translate further into both technical and fundamental favor likely leading to further CAD strength."  - Tyler Yell, Daily FX USD/CAD Outlook During the ...

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Canadian dollar: Best Performer Against US Dollar

Canadian dollar: Best Performer Against US Dollar

Since the election of Donald Trump, the Canadian Dollar is the only of the major currencies to be up against the US Dollar. Firmer Oil prices were responsible for driving CAD eleven cents higher against the Dollar, though eight cents ...

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USD/CAD unchanged on Monday

USD/CAD unchanged on Monday

"Given the commodity dollar-bloc strength, it's fair to think that the momentum could continue, which would likely translate further into both technical and fundamental favor likely leading to further CAD strength." - Tyler Yell, Daily FX USD/CAD Outlook The US ...

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USD/CAD one step closer to July 2004 high

USD/CAD one step closer to July 2004 high

"Seems to be that markets are just rebounding or paring back some of the losses. Currencies that enjoyed gains at the beginning of the week are now under pressure. And those that underperformed, like the Canadian dollar, are doing better." ...

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USD/CAD refuses to surrender its bullish tone

USD/CAD refuses to surrender its bullish tone

"The data today or the events in China should not do that much in terms of having an impact for funds today. If anything, funds has been compressing towards our fair value estimate which has been rather sticky at ~1.30." ...

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USD/CAD Technical Analysis: Holding Long Through Pullback

USD/CAD Technical Analysis: Holding Long Through Pullback

By Ilya Spivak, Currency Strategist Talking Points: - USD/CAD Technical Strategy: Long at 1.2649 - Support: 1.3090, 1.3002, 1.2860 - Resistance: 1.3232, 1.3347, 1.3463 The US Dollar corrected lower against its Canadian counterpart but the dominant rising trend seems to ...

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Large banks trading USD/CAD

Large banks trading USD/CAD

USD/CAD Open positions: Societe Generale: Hold LONG from 1.3120, TAKE PROFIT 1.3400, STOP LOSS 1.3050 (entered on August 3). Credit Suisse: Hold LONG from 1.2953, TAKE PROFIT 1.3324, STOP LOSS 1.2861 (entered on July 31). JP Morgan: Hold LONG from ...

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USD/CAD Breaks Out on Commodity Route

USD/CAD Breaks Out on Commodity Route

The USD/CAD consolidated no Tuesday following a breakout on Monday to a fresh 10-year high. Declining commodity prices have pushed the Bank of Canada into a corner where they are likely to feel pressure to add growth insurance with another ...

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