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Are Bulls Willing to Cede from 1.7701?

The Great Britain pound versus the Canadian dollar currency pair seems to be under some bearish pressure. Is this just a thing of the now, or are the bears getting the upper hand?

Canadian Dollar Joins Other Commodity Currencies in Rally, Ignores Negative Fundamentals

Commodity currencies were clear winners today, and the Canadian dollar was among them. While the loonie failed to beat its commodity-linked counterparts, like the Australian and New Zealand dollars, it managed to gain on other most-traded currencies. That is despite seemingly adverse fundamentals.

Canadian Dollar Soft After Employment Falls

The Canadian dollar was soft today, falling after mixed macroeconomic releases in Canada. Macro reports revealed that last month new house prices have been rising but employment demonstrated a significant decline.

Bears Overwhelmed on GBP/CAD from 1.7567

The Great Britain pound versus the Canadian dollar currency pair seems to be in bullish hands. Are the bears really out of the game — for the time being?

Canadian Dollar Falls Against US Dollar on Weak Oil Prices, COVID-19 Fears

Today, the Canadian dollar fell against its US competitor driven by the falling crude oil prices and the rising US Treasury yields that boosted the greenback. The USD/CAD currency pair recouped most of yesterday’s losses as buyers stepped in defending the crucial 1.2600 level and pushing the pair higher.

Canadian Dollar Strong on Back of Positive Data, Crude Oil

The Canadian dollar was strong today, rising against many of its rivals. The major reasons for the currency’s rally were positive domestic macroeconomic releases and a rally of crude oil prices. The general market sentiment was also supportive of riskier currencies tied to commodities.

Bulls Aiming at 1.7705 on GBP/CAD?

The Great Britain pound versus the Canadian dollar currency pair seems to have managed to pass the 1.7567 wall. Will the bulls be able to maintain the gains?

Canadian Dollar Extends Gains Against US Dollar Boosted by Oil Prices

The Canadian dollar rallied against its Southern neighbor driven by the recovery in global crude oil prices, which had trended lower earlier. The USD/CAD currency pair fell to new lows as the greenback fell along with declining US Treasury yields as riskier currencies and assets rallied higher.

Canadian Dollar Rallies on Upbeat Oil Prices, Ignores Weak Jobs Data

The Canadian dollar today rallied against its much weaker US counterpart buoyed by rising crude oil prices and the elevated investor risk appetite. The USD/CAD currency pair fell to new lows despite the latest Canadian jobs data missing consensus estimates by a wider margin than US data.

Bears Still Present at 1.7567 on GBP/CAD

The Great Britain pound versus the Canadian dollar currency pair seems to have fallen into bearish “hands” yet again.

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