Tag "eur/cad"

Fundamental and Technical Outlook: EUR/CAD

Fundamental and Technical Outlook: EUR/CAD

🕔December 12, 2016

Fundamental Outlook: EUR/CAD

The main news from over the weekend was the announcement that Non-OPEC producers have agreed to cut output by 558,000 barrels per day starting from January. Consequently, WTI surged higher, opening above $53 per barrel, supporting CAD and commodity-linked currencies as a whole.…

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Fundamental and Technical Outlook: EUR/CAD

Fundamental and Technical Outlook: EUR/CAD

🕔December 9, 2016

Fundamental Outlook: EUR/CAD

There was no tier 1 data or news of note during the Asia-Pacific session. EUR continued to remain pressured against most of its counterparts with EURUSD briefly breaking the 106.00 handle alongside USD strength as the USD-index rose back above 101.00.…

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Fundamental and Technical Outlook: EUR/CAD

Fundamental and Technical Outlook: EUR/CAD

🕔October 25, 2016

Fundamental Outlook: EUR/CAD

During the Asia-Pacific session, the focus has been on CAD following comments from Governor Poloz who stated that the “best plan is to wait 18-months” which saw USDCAD decline to below 1.33 before paring most of its gains after Poloz clarified this was in regards to the output gap and not monetary policy.…

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