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: 2025.11.17
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CAD needs catalyst to break trading range - Scotiabank
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CAD needs catalyst to break trading range - Scotiabank
New
2025.11.17 23:30
2025.11.17 23:30
2025.11.17 23:30
The Canadian Dollar (CAD) is little changed on the day and continues to hold within the trading range established around the 1.40 level, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
Intraday oscillator is flat
"The absence of any meaningful developments over the weekend for markets leaves investors with no incentive to move the CAD out of its range. Spot remains quite significantly overvalued at a little more than one standard deviation above out fair value estimate of 1.3854, however. Spot can't get below the 1.40 area and struggled to hold gains towards 1.4050 late last week."
"Price signals are mixed. The early November stall and reversal from 1.4140 left a bearish 'shooting star' signal on the weekly chart. But the daily chart reflects a bullish reversal last Thursday (outside range session) off the 40-day MA support (1.3991). Short-term trend signals are mixed; the daily DMI oscillator remains USD-supportive, although the signal is weaker."
"The intraday oscillator is flat. Mixed trend signals suggest that choppy range trading may persist in the short run. A stronger sense of direction may emerge if the USD pushes above 1.4080 (to retest 1.4140/50) or pushes below 1.3980/90 and extends losses towards 1.3900/50."
Last updated
: 2025.11.17
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EUR/GBP retreats from highs as Sterling firms on profit-taking, BoE comments
The Euro weakens against the British Pound on Monday, with EUR/GBP extending its pullback after climbing to fresh year-to-date highs near 0.8865 on Friday, as traders react to contrasting signals from the European Central Bank (ECB) and the Bank of England (BoE).
New
2025.11.18 01:24GBP/USD steadies near 1.3165 as markets brace for key US jobs data
The Pound Sterling remains firm during the North American session as traders prepare for the first jobs report from the US, which would be released on Thursday, a day which usually features Initial Jobless Claims. At the time of writing, the GBP/USD trades at 1.3166, virtually unchanged.
New
2025.11.18 01:22EUR/CAD slides on mixed Canadian CPI and Oil market stabilization
EUR/CAD trades lower on Monday around 1.6250 at the time of writing, down 0.30% on the day, after Canada published a set of mixed inflation data for October.
New
2025.11.18 00:24Fed's Jefferson: Upside risks to inflation have likely declined
Federal Reserve (Fed) Governor Philip Jefferson spoke on Monday about the economic outlook and monetary policy at an event hosted by the Federal Reserve Bank of Kansas City. He said that they need to proceed slowly as monetary policy approaches the neutral rate.
New
2025.11.18 00:04BoE's Mann: Normalization on wages is under way
Bank of England (BoE) member of the Monetary Policy Committee (MPC), Catherine Mann, spoke on inflation and wages on Monday. She claimed that the underlying inflation dynamic shows upside risk.
New
2025.11.17 23:57USD/JPY's technicals are bullish - Scotiabank
The Japanese Yen (JPY) is soft, down 0.2% against the US Dollar (USD) and a mid-performer among the G10 currencies, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
New
2025.11.17 23:47GBP steady and performing on the crosses - Scotiabank
The Pound Sterling (GBP) is down a marginal 0.1% against the US Dollar (USD) and performing relatively well against most of the G10 currencies, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
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2025.11.17 23:43USD/CAD climbs as soft Canadian CPI and firm US Dollar pressure the Loonie
The Canadian Dollar (CAD) trades on the back foot against the US Dollar (USD) on Monday, with USD/CAD edging modestly higher following Canada's October inflation report. At the time of writing, the pair is trading around 1.4040, as a firmer Greenback adds to the downside pressure on the Loonie.
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2025.11.17 23:43EUR softens toward 1.16 - Scotiabank
The Euro (EUR) is entering Monday's NA session with a modest 0.2% decline, softening toward 1.16 in an environment of broad-based US Dollar (USD) strength, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report
New
2025.11.17 23:34CAD needs catalyst to break trading range - Scotiabank
The Canadian Dollar (CAD) is little changed on the day and continues to hold within the trading range established around the 1.40 level, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
New
2025.11.17 23:29Disclaimer:
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