So I bought some cheap 200-day call options already at the money just before the BoC announced they were holding the rates steady of 1.75%. This is against a US fed already doing QE and cutting rates will prove bullish for the CAD. We obviously will see with time, but this market looks good for commodities and a rising CAD.
Note: If the BoC does cut rates in the near future, then my point of view will change on this position accordingly. As long as the Fed keeps cutting and BoC lags too far behind like what is going on currently, I will be bullish though.
Note: If the BoC does cut rates in the near future, then my point of view will change on this position accordingly. As long as the Fed keeps cutting and BoC lags too far behind like what is going on currently, I will be bullish though.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.