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GBPCAD bottomed and 1.7000 in the way

General outlook for the pair:
  • The pair moved in the last weeks between 1.7200 and 1.6600.
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CAD performed well last week, Housing Starts 201K VS 213K expected, NHPI m/m +0.1% as expected, next week focus will be on Foreign Securities Purchases, Manufacturing Sales m/m, CPI m/m and Core Retail Sales m/m.

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Pair up and down around expected target, pair may consolidate around current levels in the next days.

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GBP was the worst performer last week, CB Leading Index m/m -0.2% as last reading, CPI y/y +2.7% VS +2.4% expected, Retail Sales m/m +0.3% VS -0.2% expected, Public Sector Net Borrowing 5.9B VS 2.9B expected, next week focus will be on any Brexit news, GfK Consumer Confidence, Current Account and Final GDP q/q.

in other hand,

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CAD performed so well last week, Foreign Securities Purchases 12.65B VS 4.35B expected, Manufacturing Sales m/m +0.9% VS +1.0% expected, CPI m/m -0.1% as expected, Core Retail Sales m/m +0.9% VS +0.6% expected, next week focus will be on BOC Gov Poloz Speaks and GDP m/m.

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As expected pair enjoyed playing around 1.7000-1.7200 but then broke below 1.7000, next week critical as pair seen oversold and may recover again above 1.7000.

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GBPCAD to bottom around 1.7100

General outlook for the pair:
  • The pair moved in the last weeks between 1.7500 and 1.7100.
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GBP pared most week gains and end week near low, Average Earnings Index 3m/y came at 2.4% VS 2.5% expected, Unemployment Rate 4.0% VS 4.2% expected, CPI y/y 2.5% as expected, Retail Sales m/m +0.7% VS +0.2% expected, next week focus will be on Public Sector Net Borrowing.

in other hand, CAD performed so well last week, Manufacturing Sales m/m came at 1.1% VS 1.0% expected, CPI m/m +0.5% VS +0.5% expected, Foreign Securities Purchases at 11.55B VS 4.91B expected, NATFA talks improved and this also helped CAD, next week focus will be on Wholesale Sales m/m and Core Retail Sales m/m.

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Free fall continued with no sign of reversal till now, but in the daily 1.6600 seemed to give some support.

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kettle 21 aou

хорошо!

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GBP performed very well last week, M4 Money Supply m/m +0.9% VS +0.2%, Net Lending to Individuals m/m +4.0B VS +5.4B expected and GfK Consumer Confidence -7.0 VS -10 expected, next week focus will be on Manufacturing PMI, Inflation Report Hearings and Services PMI, in other hand, CAD did not perform well last week, Current Account came at -15.9B VS -15.3B, GDP m/m 0.0% VS +0.1% expected, next week focus will be on Trade Balance, Overnight Rate, Employment Change and Unemployment Rate.

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Pair jumped above 1.6850 (last daily resistance) and strongly hit 1.7200, still bullish but may calm around current levels.

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GBPCAD Topped and to close month near 1.7300

General outlook for the pair:
  • The pair moved in the last weeks between 1.7100 and 1.7800.
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khalidamassi 14 juillet

GBP performed so well last week,GDP m/m at +0.3% (first reading), Manufacturing Production m/m +0.4% VS +1.0% expected, Goods Trade Balance -12.4B VS -11.9B expected, next week focus will be on Average Earnings Index 3m/y, Claimant Count Change, CPI y/y and Retail Sales m/m, in other hand, CAD performed well last week, BOC raised Overnight Rate to 1.5% as expected, next week focus will be on Manufacturing Sales m/m, CPI m/m and Core Retail Sales m/m.

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khalidamassi 14 juillet

Pair still above and below expected target at 1.7331, more consolidation expected.

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khalidamassi 22 juillet

GBP performed the worst last week, Average Earnings Index 3m/y 2.5% as expected, Unemployment Rate 4.2% as expected, CPI y/y 2.4% VS 2.6% expected, Retail Sales m/m -0.5% VS +0.1% expected, next week focus will be mostly on Brexit news, in other hand, CAD performed well last week, Manufacturing Sales m/m 1.4% VS -1.1% last, CPI m/m +0.1% as expected, Core Retail Sales m/m +1.4% VS +0.6% expected, next week focus will be on Wholesale Sales m/m.

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khalidamassi 22 juillet

Pair stabilized below 1.7300 but with narrow range, 1.7100 should give strong demand for pair.

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khalidamassi 31 juillet

Seemed bottomed around 1.7100, good buy signal again.

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GBPCAD to bottom around 1.7000 before recovery

General outlook for the pair:
  • The pair moved in the last weeks between 1.7100 and 1.7700.
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Pair moved as expected, 1.7300 worked well as support and then pair hit 1.7550 before lost some ground but still bullish.

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GBP performed mixed VS majors last week, Official Bank Rate +0.5 as expected, but 3 of MPS wanted to raise rates VS 2 expected, Public Sector Net Borrowing 3.4B VS 5.1B, next week focus will be on Current Account and Final GDP q/q, in other hand, CAD performed worst last week, CPI m/m +0.1% VS +0.4% expected, Core Retail Sales m/m -0.1% VS +0.5% expected, next week focus will be on BOC Gov Poloz Speaks, GDP m/m and BOC Business Outlook Survey.

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Pair jumped towards 1.7800 but closed week around 1.7600, may consolidate between 1.7600 and 1.7800 in the near time.

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khalidamassi 1 juillet

GBP performed worst last week, Current Account -17.7B VS -18.0B expected, Final GDP q/q +0.2% VS +0.1% expected, next week focus will be on Manufacturing PMI, Construction PMI and Services PMI, in other hand, CAD performed so well last week, GDP m/m +0.1% VS 0.0% expected, next week focus will be on Employment Change and Trade Balance.

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khalidamassi 1 juillet

Pair felt as expected reaching 1.7300 and still bearish in the near time.

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GBPCAD still bullish aiming 1.8500 and above

General outlook for the pair:
  • The pair moved in the last weeks between 1.7700 and 1.8100.
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Pair continued falling closing day and week around bottom, holds now around 1.7400, still bearish.

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GBP did not perform well last week, Manufacturing Production m/m came at -0.1% VS -0.2%, Goods Trade Balance came at -12.3B VS -11.2B, MPC Official Bank Rate Votes still at 2-7 with no majority to rise rates up, next week focus will be on Average Earnings Index 3m/y and Inflation Report Hearings, in other hand, CAD performed well in last week, Building Permits m/m came at 3.1% VS 2.0%, Employment Change came at -1.1K VS 17.8K expected, Unemployment Rate at 5.8% as expected, focus in next week will be on CPI data.

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Pair find demand around 1.7200 but still far from any bullish turn.

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GBP stabilized last week after weeks of losses, Average Earnings Index came at 2.6% VS 2.7% expected, Claimant Count Change came at 31.2K VS 13.3K expected, but GBP stabilize after hope of Brexit deal, next week all focus will be on, Inflation Report Hearings, CPI, Second Estimate GDP q/q and BOE Gov Carney Speech, in other hand CAD did not perform well last week as Manufacturing Sales m/m came at 1.4% VS 1.1%, CPI came at 0.3% as expected, but Core retail sales came at -0.2% VS +0.5% expected, no week with no significant data except for OPEC-JMMC Meetings.

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stabilized around 1.7200, but no reversal sin till now, be careful.

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GBPCAD bullish aiming 1.8500 and above

General outlook for the pair:
  • The pair moved in the last weeks between 1.7700 and 1.8400.
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GBP performed the worst last week, as UK data disappointed a lot, Average earning felt to 2.8% from 3.0% expected, CPI felt to 2.5% from 2.7% expected, retail sales felt -1.2% from -0.5% expected, MPC Gov disappointed GBP as he doubts about further rate hikes, Next week Prelim GDP will be in focus, in other hand,

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CAD performed worst last week, BOC decision and statement was not encouraging as BOC still suspected that inflation still temporary and still worry about US measures against Canada, CPI data also was not helpful and ensured BOC thought about inflation, lack of significant data next week but BOC Gov Boloz will speak on Monday.

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Pair lost bullish momentum but still found buyers around 1.7750, be careful.

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GBP was the worst last week as it got a hit from so low GDP q/q which came at 0.1% VS 0.3% expected and last quarter reading revised lower to 0.4% with last 0.5%, this drop on GDP figures seemed to freeze next BOE rate hike, next week focus will be on Manufacturing PMI, Construction PMI and Services PMI, in other hand,  CAD performed worst last week Vs majors, no significant data was last week but Wholesale Sales was -0.8% worse than expected at +0.3%, Next week will be important for CAD as we wait GDP m/m and then Trade Balance data.

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Pair broke below critical 1.7800, sentiment turned to strong bearish.

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GBPCAD still bullish aiming 1.8000 and bove

General outlook for the pair:
  • The pair moved in the last weeks between 1.7300 and 1.7800.
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Failing around 1.8050, now holds around 1.7750, 1.7700 may seen as support in the near term view.

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GBP performed well VS majors with no significant data last week, next week will be so important with CPI data Employment real earning data and next Thursday MPC official bank rate will be so important and any hint will be big mover for GBP, in other hand, CAD performed worst VS majors, with no significant data last week but manufacturing sales fell -1.0% VS -0.8% expected, CAD still under pressure due to expected trade wars from US, next week CPI and retails sales data will be the most important.

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as expected in chart, pair still strong bullish and still aiming new highs, should be capped below 1.8350-1.8400.

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Still below 1.8100 but 1.1830 still seen as support for next time, consolidation may happen around current levels.

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Closed day and week very near to expected target, good luck for everyone.

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GBPCAD to hit 1.7800 top next month

General outlook for the pair:
  • The pair moved in the last weeks between 1.6500 and 1.7600.
  • The pair is expected to move in the next month between 1.7150 and 1.7850 as it faces clusters of daily/weekly tops and bottoms.

Pair recent direction : Up
Expected rate of the pair 1st of March, 12:00 GMT:
1.7714
Expected market sentiment: Bullish
Chart of major support (S) and resistance (R):


Weekly chart

Chart of expected scenario:

Daily chart
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khalidamassi avatar

Pair still in range between 1.7350 and 1.7650 but in overall pair still in bullish sentiment.

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GBP performed week especially after better than expected CPI which came at +3.0% VS 2.9% and this still expected to put pressure on BOE to hike rate again at MAY meeting, in other hand, CAD did not perform well as still affected by last week employment data and lower oil prices and NATFA issue still to be driver for CAD movement.

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Pair up again and near to expected target at 1.7600, still expected to move more up but in less pace...

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GPB performance last week was mixed as claimant count change came at -7.2K better than 2.3K expected but unemployment rise to 4.4% from 4.3% expected, GDP estimate decreased to 0.4% from 0.5% expected but next about EU-UK agreement and May’s speech next Friday gave life for GBP at last hours of the week, in other hand, CAD hit last week by most majors as Core retail sales were so bad as it came at -1.8% VS 0.1% expected, but after Strong CPI date at 0.7% VS 0.4% expected, pair recovered most of the week losses.

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Pair still up as 1.7600 area now considered as support, and pair still expected to move higher as no reversal sign appeared till now.

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GBPCAD to stay in 1.6500-1.7500 range

General outlook for the pair:
  • The pair moved in the last weeks between 1.6500 and 1.7500.
  • The pair is expected to move in the next month between 1.6500 and 1.7500 as it faces clusters of daily/weekly tops and bottoms.

Pair recent direction : Range

Expected rate of the pair 1st of February, 12:00 GMT:
1.7450
Expected market sentiment: Neutral

Chart of major support (S) and resistance (R):


Weekly chart

Chart of expected scenario:

Daily chart
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khalidamassi avatar

GBP pushed up to highest level since “referendum day” after news that Netherlands and Spain agreed to make UK exit from EU as smooth as can and this means soft Brexit and this pushed GBP for higher rates, In other hand, CAD dollar still helped strongly with strong gains of oil, CAD but expected US exit from NATFA agreement put strong pressure on CAD and this still expected to weight in the near future.

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Pair found a abase around 1.6750 bfore climbing towrds 1.7100 and above, bulls in control and 1.6900 is the key for bulls which they should fight to keep.

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GBP pushed up to highest level since “referendum day” as Macron (France) and May (UK) coordinated to make smooth Brexit dear for UK, all of this means soft Brexit which help GBP versus all majors, In other hand, CAD dollar got a boost from BOC rate hike and still helped with oil gains but worries about NATFA agreement put strong pressure on CAD and this still expected to weight in the near future.

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As expcected pair broke up 1.7150 and now ready to 1.7500 as expected in scenario chart.

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on of the best expecstion for the month except that pair exceeded 1.7500 to 1.7630 but then failed again and closed week around 1.7400, pair may play around 1.7400-1.7600 for the last days of the month.

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GBPCAD still bullish aiming 1.7500

General outlook for the pair:
  • The pair moved in the last weeks between 1.6300 and 1.7200.
  • The pair is expected to move in the next month between 1.6500 and 1.7500 as it faces clusters of daily/weekly tops and bottoms.

Pair recent direction : Up
Expected rate of the pair 2nd of January, 12:00 GMT:
1.7450
Expected market sentiment: Bullish

Chart of major support (S) and resistance (R):


Weekly chart

Chart of expected scenario:

Daily chart

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khalidamassi avatar

Up and down between 1.7000 and 1.7450, still expect to move in the range for some time...

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GBP got a boost after news of Brexit process development but May’s problems and lack of confidence make the next steps so hard and this affect GBP aggressively.In other hand, CAD still vulnerable due to lower oil prices and lower GDP in last quarter but BOC still optimistic but this not persuade CAD investors so much.

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Failed at 1.7450 and holds in the last days around 1.7150 and just clear break above 1.7200 open the door for 1.7400 again.

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GBP lost ground as more complicated details to come soon after partial success in UK deal with EU, GBP still not benefited from May’s weak situation in Government, In other hand,CAD dollar was helped at week beginning with strong CPI and retails sales numbers but then lagged by lower GDP data and with dovish speech by BOC Governor.

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Still moving between 1.7000 and 1.7250 and still around expected scenario, close again above 1.7200 will help pair to achieve 1.7450 again.

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