Aside from the Japanese Yen, which recently hit levels not seen since October 2014, the Canadian Dollar is the 2nd strongest major currency in 2016. Ironically, the Canadian Dollar seemed to be on the losing side of the Oil correlation as the price of Oil began its fall in Summer of 2014, USD/CAD began its ascent from 1.06195 up to the January 20 high of 1.4678. However, the Bank of Canada would put doubts on the interest rate cuts and a few months later the Fed would place doubts on multiple rate hikes,and now, USD/CAD shows little sign of slowing down.
Since January 20, USD/CAD has fallen 1734.9 pips or nearly 12% in nine consecutively bearish weeks. Thursday morning’s drop in USD/CAD saw a move below 1.3000 for the first time since October. A break below the October 2014 low at 1.28311, when WTI Crude Oil reached $50.90/bbl, would bring about the lowest level since July. This move has made the Canadian Dollar the strongest G10 Commodity currency in 2016.
Weekly USD/CAD Chart Shows LT Support Is Now Being Approached
Resistance to Watch
In a recent post, we stated that USD/CAD should ‘Bounce Now Or Forever Hold [Its] Peace.’ The only words we’ve heard have been that of Janet Yellen, who has talked down the US Dollar since she hiked in December, which has put the US Dollar in retreat mode.
Now that USD/CAD has definitively pushed through the 200-DMA for the first time since Summer 2014, it will now be resistance. The 200-DMA currently sits at 1.3313 vs. the spot price of 1.2980. Also, you can see that we’ve retraced roughly 61.8% of the May-January range.
Canadian Dollar Rally is Set to Last per Sentiment
When looking at sentiment, crowd sentiment has moved positive providing favor for more downside. We use our Speculative Sentiment Index as a contrarian indicator to price action, and the fact that the majority of traders are net-long at a bull: bear of 1.82 as 65% of traders are long. This reading means that a bearish USD/CAD signal is currently at play, which has been the case since late February. Now that the price has broken below the 200-dma, we’re forced to stare at the October low. A break below this new key support metric and a move further into positive territory on the SSI would favor further downside towards downside targets mentioned above.
Combining the technical picture above, with the sentiment picture, and the Intermarket analysis support further warns of more CAD gains ahead.
USD/CAD Speculative Sentiment Index as of 3/17/2016
Interested In Learning the Traits of FXCM’s Successful Traders? If So, Click Here
Aside from the Japanese Yen, which recently hit levels not seen since October 2014, the Canadian Dollar is the 2nd strongest major currency in 2016. Ironically, the Canadian Dollar seemed to be on the losing side of the Oil correlation as the price of Oil began its fall in Summer of 2014, USD/CAD began its ascent from 1.06195 up to the January 20 high of 1.4678. However, the Bank of Canada would put doubts on the interest rate cuts and a few months later the Fed would place doubts on multiple rate hikes,and now, USD/CAD shows little sign of slowing down.
Since January 20, USD/CAD has fallen 1734.9 pips or nearly 12% in nine consecutively bearish weeks. Thursday morning’s drop in USD/CAD saw a move below 1.3000 for the first time since October. A break below the October 2014 low at 1.28311, when WTI Crude Oil reached $50.90/bbl, would bring about the lowest level since July. This move has made the Canadian Dollar the strongest G10 Commodity currency in 2016.
Weekly USD/CAD Chart Shows LT Support Is Now Being Approached
Resistance to Watch
In a recent post, we stated that USD/CAD should ‘Bounce Now Or Forever Hold [Its] Peace.’ The only words we’ve heard have been that of Janet Yellen, who has talked down the US Dollar since she hiked in December, which has put the US Dollar in retreat mode.
Now that USD/CAD has definitively pushed through the 200-DMA for the first time since Summer 2014, it will now be resistance. The 200-DMA currently sits at 1.3313 vs. the spot price of 1.2980. Also, you can see that we’ve retraced roughly 61.8% of the May-January range.
Canadian Dollar Rally is Set to Last per Sentiment
When looking at sentiment, crowd sentiment has moved positive providing favor for more downside. We use our Speculative Sentiment Index as a contrarian indicator to price action, and the fact that the majority of traders are net-long at a bull: bear of 1.82 as 65% of traders are long. This reading means that a bearish USD/CAD signal is currently at play, which has been the case since late February. Now that the price has broken below the 200-dma, we’re forced to stare at the October low. A break below this new key support metric and a move further into positive territory on the SSI would favor further downside towards downside targets mentioned above.
Combining the technical picture above, with the sentiment picture, and the Intermarket analysis support further warns of more CAD gains ahead.
USD/CAD Speculative Sentiment Index as of 3/17/2016
Interested In Learning the Traits of FXCM’s Successful Traders? If So, Click Here
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
Executive Interview | Jas Shah | FMLS:25
Executive Interview | Jas Shah | FMLS:25
Interview with Jas Shah
Builder | Adviser | Fintech Writer | Product Strategist
In this episode, Jonathan Fine sat down with Jas Shah, one of the most thoughtful voices in global fintech. Known for his work across advisory, product, stablecoins, and his widely read writing, Jas brings a rare combination of industry insight and plain-spoken clarity.
We talk about his first impression of the Summit, the projects that keep him busy today, and how they connect to the stablecoin panel he joined. Jas shares his view on the link between fintech, wealthtech and retail brokers, especially as firms like Revolut, eToro and Trading212 blur long-standing lines in the market.
We also explore what stablecoin adoption might look like for retail investment platforms, including a few product and UX angles that are not obvious at first glance.
To close, Jas explains how he thinks about writing, and how he approaches “shipping” pieces that spark debate across the industry.
Interview with Jas Shah
Builder | Adviser | Fintech Writer | Product Strategist
In this episode, Jonathan Fine sat down with Jas Shah, one of the most thoughtful voices in global fintech. Known for his work across advisory, product, stablecoins, and his widely read writing, Jas brings a rare combination of industry insight and plain-spoken clarity.
We talk about his first impression of the Summit, the projects that keep him busy today, and how they connect to the stablecoin panel he joined. Jas shares his view on the link between fintech, wealthtech and retail brokers, especially as firms like Revolut, eToro and Trading212 blur long-standing lines in the market.
We also explore what stablecoin adoption might look like for retail investment platforms, including a few product and UX angles that are not obvious at first glance.
To close, Jas explains how he thinks about writing, and how he approaches “shipping” pieces that spark debate across the industry.
