We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.

Free Trading Guides
EUR/USD
Mixed
Oil - US Crude
Bearish
Wall Street
Bullish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Gold
Bearish
GBP/USD
Bullish
USD/JPY
Mixed
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
More View more
Real Time News
  • Heads Up:🇩🇪 GDP Growth Rate QoQ Final due at 06:00 GMT (15min) Expected: -2.2% Previous: -0.1% https://www.dailyfx.com/economic-calendar#2020-05-25
  • Heads Up:🇩🇪 GDP Growth Rate YoY Final due at 06:00 GMT (15min) Expected: -2.3% Previous: 0.4% https://www.dailyfx.com/economic-calendar#2020-05-25
  • Crude oil sold-off Friday on news that China is looking to introduce stringent new security laws in Hong Kong, damaging global risk appetite. Get your #oil technical analysis from @nickcawley1 here: https://t.co/5DuW1rMOmX #OOTT https://t.co/EPgg3c0S54
  • 🇯🇵 Coincident Index Final Actual: 90.2 Expected: 90.5 Previous: 95.4 https://www.dailyfx.com/economic-calendar#2020-05-25
  • 🇯🇵 Leading Economic Index Final Actual: 84.7 Expected: 83.8 Previous: 91.9 https://www.dailyfx.com/economic-calendar#2020-05-25
  • Heads Up:🇯🇵 Coincident Index Final due at 05:00 GMT (15min) Expected: 90.5 Previous: 95.4 https://www.dailyfx.com/economic-calendar#2020-05-25
  • Heads Up:🇯🇵 Leading Economic Index Final due at 05:00 GMT (15min) Expected: 83.8 Previous: 91.9 https://www.dailyfx.com/economic-calendar#2020-05-25
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 96.11%, while traders in US 500 are at opposite extremes with 78.77%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/iDDH4lPCbr
  • New Zealand: PM Ardern announces limit for social gatherings will increase to 100 people effective May 29 and will consider moving to Alert Level 1 no later than June 22.
  • Forex Update: As of 04:00, these are your best and worst performers based on the London trading schedule: 🇨🇦CAD: 0.13% 🇬🇧GBP: 0.11% 🇳🇿NZD: 0.02% 🇯🇵JPY: -0.08% 🇨🇭CHF: -0.08% 🇪🇺EUR: -0.12% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/keYyC5HU2W
FOREX ANALYSIS: Canadian Dollar Trading Outlook Unclear

FOREX ANALYSIS: Canadian Dollar Trading Outlook Unclear

2012-12-27 16:14:00
David Rodriguez, Head of Product
Share:
ssi_usd-chf_body_Picture_9.png, FOREX ANALYSIS: Canadian Dollar Trading Outlook Unclear

USDCAD Retail forex trading crowds have remained steadily net-long the US Dollar (ticker: USDOLLAR) versus the Canadian Dollar since it crossed below the C$0.9900 in October, but a recent drop in long interest limits conviction in calls for USDCAD weakness.

The number of traders long the US Dollar versus the Canadian Dollar has fallen by 16 percent since last week, while short interest is roughly unchanged. Such mixed signals give reason to believe that the USDCAD may remain in a broad trading range.

--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com

To receive the Speculative Sentiment Index and other reports from this author via e-mail, sign up for his distribution list via this link.

New to FX markets? Learn more in our video trading guide.

Contact David via

Twitter at http://www.twitter.com/DRodriguezFX

Facebook at http://www.Facebook.com/DRodriguezFX

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES

News & Analysis at your fingertips.