Monthly Archives: June 2018

GBPCAD hits 8-week high; looking neutral in the medium-term

GBPCAD has been on the rise since effectively late May, after touching a five-month low of 1.7051 on May 30. Earlier on Friday, the pair reached an eight-week peak of 1.7686.

The positively-aligned Tenkan- and Kijun-sen lines are confirming the view for the existence of a bullish bias in the shor…

US dollar starts to correct as oil traders watch OPEC

Suddenly, after looking so assured, the dollar bulls are having a wobble. The question is whether this is a wobble that it just a pause for breath or whether it begins to derail the dollar bull run. A turn in the tide seemed to come yesterday with the Bank of England and a hawkish tilt in the MPC…

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