GBP/CAD looks ready to resume its uptrend after rebounding from the 55-day EMA, but a sustained breakout depends on two separate forces — Friday’s volatile Canadian jobs report and whether oil’s renewed strength above $86 continues to support the Canadian Dollar.
The post Two Things Stand Between GBP/CAD and an Upside Breakout appeared first on ActionForex.
The pound just closed its strongest week against the dollar in months, ending July up more than 1% and holding just below $1.35. Two factors are driving the move. First, political risk has faded: the Read more…
GBP/USD held steady at 1.3426 on Tuesday, with the pound lagging behind other currencies despite a broader decline in the dollar. Market sentiment improved following a drop in oil prices, as investors grew hopeful that Read more…
Every earnings season has a moment where a CEO says something that cuts through the noise. Not a guidance range or a revenue beat. Something that reframes how investors are supposed to think about the Read more…