The Canadian Dollar is having its best day since September 28 (when it became clear Canada would join the United States and Mexico in the USMCA) after the Bank of Canada not only raised rates by 25-bps – a move that was widely expected, with overnight index swaps pricing in a 92% chance ahead of the meeting today – but offered its clearest signal yet that it was considering embarking on a more aggressive rate hike cycle as the calendar flips to 2019.
CAD should run bullish for another 30-50 pips today but we just want to grab 15 pips. Trade with CAUTION
Entry: When price closes above 0.76651
TP: 0.76811
SL: 0.76394
CAD should run bullish for another 30-50 pips today but we just want to grab 15 pips. Trade with CAUTION
Entry: When price closes above 0.76651
TP: 0.76811
SL: 0.76394