Partner Center Find a Broker

Despite having a top tier event to guide direction, the Loonie was a choppy mess on the week thanks to the slight shift in sentiment by the BOC versus counter currency influences, especially the weak Greenback.

Overlay of CAD Pairs: 1-Hour Forex Chart
Overlay of CAD Pairs: 1-Hour Forex Chart

Canadian Headlines and Economic data

Monday:

  • Loonie pairs ticked lower during the U.S. trading session, possibly on weakening global risk sentiment as geopolitical tensions rise in the Middle East (concerns over Iran restarting uranium enrichment)

Tuesday:

Wednesday:

Thursday:

Friday:

Overlay of CAD Pairs & Oil (Black Line): 1-Hour Forex Chart
Overlay of CAD Pairs & Oil (Black Line): 1-Hour Forex Chart