Forex Investment and Currency Trading

USD/CAD traded in a relatively tight range overnight, avoiding the bulk of the most recent bout of intense retreat from risk.
Canadian employment posts a shocking gain of 106.9K, which is cause for high-fives all around, but does not change the fact that the macroeconomic outlook remains an intensely challenging one for CAD.
FX Bottom Line: USD/CAD [...]

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FX Bottom-Line: CAD remains a currency linked to the global economic cycle. With the a global recession as the base case scenario, a key fundamental backdrop for Canada’s terms of trade and CAD is fast deteriorating. Canada’s much improved economic fundamentals might prevent an uncontrolled descent, but cannot prevent the inevitable, which is a weaker [...]

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Equity market selloff would continue to place downward pressure on the CAD and vice versa.

Global growth outlook posits some degree of linkage between CAD and equities.
Except for a brief period in 2004 and 2006-2007, the CAD has often tracked moves in the
S&P 500 Index.
Prominent late last year, when the market focus shifted away from the [...]

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