Canadian Dollar forecast page 8 - cad canadian dollar cad dollar

This morning’s UK inflation numbers showed a greater than anticipated drop in the rate of British price rises last month. The annualised CPI data for April showed a marked pullback in inflation from last month’s 3.5% to 3.0% this month, suggesting that the Bank of England may have scope to increase the £325bn which it has already...

Friday’s Asian session saw the release of data which provided further evidence that the Chinese economy is expanding at a slower pace. The annualised Industrial Production figure registered at 9.3%, versus an anticipated 12.2%. This showing was the lowest level that Chinese industrial output had expended by for some three years. Chinese...

The precarious political situation in Greece informed price action in the currency markets during yesterday’s session, sending the value of the high-yielders and commodity currencies tumbling. Not surprisingly, the euro didn’t fare too well either. To recap, the story so far has seen Greece build up unmanageable debts which it has no...

More weak UK house price data this morning had a limited effect on the POUND STERLING – investors have almost totally priced-in the ongoing poor performance of the UK’s housing market. However, a disappointing showing for this morning’s PMI Services survey came as more of a shock, meaning that Sterling heads towards the weekend on a...

Poor British trade figures for February held back the POUND STERLING on the currency markets during today’s session. The numbers showed that the UK’s trade gap is widening, suggesting that the domestic manufacturing sector remains dormant. Sterling heads into tomorrow trading with a NEUTRAL TO NEAGTIVE bias. The US DOLLAR has given...

Weaker than expected US Durable Goods data, released yesterday afternoon in the States, saw global share indices lose ground and the US Dollar stage a brief rally. The numbers showed that orders of durable goods in the US rose by 2.2% in February, following January’s sharp drop-off of 3.6%. Analysts had been expecting a stronger...

The Pound To US Dollar Exchange Rate is 1.5864. Yesterday’s session in the currency markets was marked by a flight to safety from institutional investors, which saw the safe-haven US Dollar well-supported and the high-yielding Australian Dollar, New Zealand Dollar and South African Rand sold off. Global share markets also registered...

Extremely poor UK Retail Sales figures held back the POUND STERLING during today’s session. The shop sales numbers showed a significantly lower monthly growth than analysts had been anticipating, meaning that Sterling heads into tomorrow trading to a NEUTRAL bias. Worryingly weak German PMI survey data, released earlier today, has served...

The headline rate of UK inflation dropped to its lowest level since the end of 2010, official government figures, released yesterday, showed. The Consumer Prices Index fell to an annualised 3.4% in February, down from January’s monthly figure of 3.6%, suggesting that the Bank of England is managing to rein in the ravaging effects of...

The POUND STERLING has held its ground while other majors, in particular the high-yielders, made their move during today’s session. This morning’s PMI Services for February sector survey came in below expectations, showing a pronounced dip from January’s number, but this failed to hurt the Pound overly, as investors sit on their hands...