Fundamental Analysis:
My currently view for the British Pound is bearish due to the risk which surround the UK economy if UK EU negotiation were result in a hard Brexit. However, the inflation in the UK has continued to increase, but the BoE are most likely to leave policy unchanged at their next meeting. For the CAD my currently view is neutral due to the BoC are most likely to leave monetary policy unchanged at their next meeting as Canadian inflation is within the BoC’s target range of 1-3% with the economy also supported by accommodative fiscal measures.
Sentiment Analysis:
By the COT´s datas we can see that the non-comercial are strong bearish for the British Pound, and in the other hand non-comercial are bullish for the Canadian Dollar.
Technical Analysis:
There is a potencial Bear Gartley Pattern with a nice support in the PRZ
My currently view for the British Pound is bearish due to the risk which surround the UK economy if UK EU negotiation were result in a hard Brexit. However, the inflation in the UK has continued to increase, but the BoE are most likely to leave policy unchanged at their next meeting. For the CAD my currently view is neutral due to the BoC are most likely to leave monetary policy unchanged at their next meeting as Canadian inflation is within the BoC’s target range of 1-3% with the economy also supported by accommodative fiscal measures.
Sentiment Analysis:
By the COT´s datas we can see that the non-comercial are strong bearish for the British Pound, and in the other hand non-comercial are bullish for the Canadian Dollar.
Technical Analysis:
There is a potencial Bear Gartley Pattern with a nice support in the PRZ