lindafx
Short

CADCHF, Sell setup developing?

OANDA:CADCHF   CAD/CHF
Today we have CAD Interest Rate Decision, We might put in an EO for a sell if it fits our rules.

“The policy statement should read similar to October as the outlook for growth and inflation remains consistent to that outlined in the October MPR while uncertainty remains unresolved. We look for an overall tone of cautious optimism.”

“The Bank may make dovish reference to the move higher in long-term interest rates, though the tone should be more of an observation than a concern. There is risk for a more downbeat assessment of labour market conditions, given the weak composition of gains skewed toward part time, which has likely contributed to slower wage growth.”

“Given the prevailing level of uncertainty, odds of policy easing at future meetings remain elevated, and we continue to price up to a 40% chance through mid-2017.”
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