USDCAD: Central Bank Speculating
CAD: I am speculating that CAD's CB will be hawkish whether or not hey raise rates today (December 5, 2018).
Given the recent change of stance in US Fed's Powell from a hawk to a dove, and given the trade idea that CAD's CB might be hawkish in tone today even though they may keep rates the same, I think this makes a good short set-up.
USDCAD is also overbought technically. We will see. I am ready to switch at the drop of the hat if I am wrong.
Given the recent change of stance in US Fed's Powell from a hawk to a dove, and given the trade idea that CAD's CB might be hawkish in tone today even though they may keep rates the same, I think this makes a good short set-up.
USDCAD is also overbought technically. We will see. I am ready to switch at the drop of the hat if I am wrong.
Trade closed: stop reached
Capturing the swings of the stock market & currency market. It's a dirty job and equity/currency traders must do it.