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CAD - Retail Sales a miss, CPI on top

Jignesh Posted 21 Nov.  in #Trader's blog #CAD #Fundamentals
On Friday we saw a data release from Canada that received a bit of a mixed reaction.
Retail sales came in less than expected at -0.5% vs -0.3%, however CPI saw an uptick at 0.3% vs 0.2%.
The USDCAD initially had a bullish run off the news, but quickly sold off. As important as Retail sales is, all inflation related data at this point takes the forefront, as disinflation has been haunting economies globally.
The uptick, and rather hawkish monetary policy we received from CAD a few weeks back look…
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Notable Currencies of the week

Jignesh Posted 14 Nov.  in #Trader's blog #AUD #GBP #CAD #USD #Currencies #Movers
This weeks was essentially a sideways market for the most part if glancing at the daily charts. But the mostly sideways movements in the majority of the pairs clearly points to a few currencies that boldly stand out.
GBP - The pair was sold off quite aggressively in the previous week, but has made one of the strongest rebounds. The theme of the previous week was that the UK would not be looking to raise rates as soon as the market previously anticipated, but sense prevails as the economy stil…
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As Bullish as GBP is...

Jignesh Posted 13 Feb.  in #Trader's blog #CAD #Gbpcad
This week the GBP has shown some strength with the BOE expressing that they are not looking at cutting rates this year, rather they will focus on a rate hike in 2016. This came as somewhat of a surprise as globally all central banks are facing deflation on the back of weak oil prices.
Nevertheless, the news failed to take out highs in GBPCAD
The chart above shows the price action during the BOE press conference. Not only did it not take out highs outlined by the eclipse, it also retraced back to…
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