August 31, 2020
The British economy is recovering more actively than the Canadian
British GDP fell 21.7% at an annual rate in the second quarter. Canadian GDP contracted significantly more – by 38.7%. Overall, Britain’s economy fell less and is recovering more actively than Canada’s. In June, UK GDP grew by 8.7%, and Canadian – by 6.5%. Note that the possible success of the Brexit negotiations is a positive factor for the pound, while for the Canadian dollar, there is a risk factor in the possible correction of world oil prices that have been traded in a narrow range over a month
| Indicator | VALUE | Signal |
|---|---|---|
| RSI | Neutral | |
| MACD | Sell | |
| MA(200) | Buy | |
| Fractals | Buy | |
| Parabolic SAR | Buy | |
| Bollinger Bands | Neutral |
Summary of technical analysis
| Order | Buy |
| Buy stop | Above 1,75 |
| Stop loss | Below 1,717 |
Market Analysis provided by IFCMarkets.com
- EUR/USD: The Advantage Remains with the Dollar Jun 29, 2026
- Escalation of the US–Iran conflict is once again supporting the rise in oil prices Jun 29, 2026
- Oil prices fall back to pre‑war levels. Silver drops to a 7‑month low Jun 25, 2026
- Gold Falls to an Eight-Month Low: This May Not Be the Bottom Jun 25, 2026
- Stock indices came under heavy selling pressure amid growing skepticism about AI investments Jun 24, 2026
- The Pound Is Pressured Not by Politics, but by a Strong US Dollar Jun 24, 2026
- Global crude oil prices continued to decline. The AUD/USD exchange rate hit an 11‑week low Jun 23, 2026
- EUR/USD Remains Under Sellers’ Control as the Dollar Stays Strong Jun 23, 2026
- Gold Falls for the Third Consecutive Week: Is There Still Upside Potential? Jun 22, 2026
- Bank Indonesia raised its interest rate. Norges Bank and the SNB left rates unchanged Jun 19, 2026
