FX:USDCAD   U.S. Dollar / Canadian Dollar
68 0 2
It shouldn’t have come as a surprise, but it did. On Wednesday, the Fed indicated that it’s very likely not going to rate the hikes again soon. The subsequent drop showed that investors were very optimistic about future rate hikes and then had to reverse their positions.

The Dollar drop turned into a rally for commodities . The oil             rally also spilled over into energy shares and helped the S&P500             recover all of its earlier losses. Alphabet Inc             sold off 4% and Apple             has reclaimed its spot as the most valuable company. The ADP reports showed positive numbers – the ADP is also the best predictor for Friday’s NFP.

The EURUSD             finally left its consolidation and traded right into a supply zone . The Fibonacci target is just under 1.14.
Yesterday's bullish bias on the USDCAD             had to be reversed after the Fed's talk. The USDCAD             sold off and moved right into demand at 1.373.
I am trading Forex for 10 years and 5 years ago I quit my corporate job to travel the world

> Introduction to my trading method:

> Free blog: www.tradeciety.c
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out