GBP/CAD was the best-performing FX trade this week – ForexLive

A look at weekly FX performance

It was a strange week in the FX market and felt like nothing happened. Meanwhile in equities, there was the Chinese surge and tech continued to shine. In bonds, Treasury yields broke down and in commodities, gold hit 9-year highs.

The one thing to show some life in FX this week was the pound as it scored a decent gain.

On most crosses, that hasn’t changed the picture but keep an eye on GBP/CAD as it comes off a double-bottom and tries now to break the 1.72 top.

GBPCAD chart

For bank trade ideas, check out eFX Plus

Let’s block ads! (Why?)

Scalping Strategy Course (DVD + Online) - $299.00

In the much anticipated Forex Scalping Strategy Course, Vic and Sarid show you short-term focused techniques and strategies to make quicker profits while reducing market exposure.

Forexmentor Coach's Corner First Month (Online) - $149.00

The Coach's Corner offers 2 live sessions per week, an integrated approach to trading, FREE access to the VicTrade video course and Darko's Pattern Trading Video Lessons.

Source link

Have your say