masagrooove
Short

USDCAD BID ON OIL ALREADY PRICED IN SHORT TRADE TRIGGERED

FX:USDCAD   U.S. Dollar/Canadian Dollar
128 3 1
USDCAD             BID ON OIL             ALREADY PRICED IN SHORT TRADE TRIGGERED

The pair has seen its upside accelerated after Canadian GDP figures have come in short of expectations during the third quarter, showing the domestic economy has expanded at an annual pace of 2.3% vs. 2.4% expected. On a monthly basis, the Canadian economic has contracted 0.5% vs. a flat reading initially forecasted. Poor data have increased the selling pressure around CAD and pushed spot to fresh highs near the 1.3400 handle ahead of US data.

This is a very important week for the Canadian dollar: we also have the Bank of Canada’s rate decision tomorrow, jobs data on Friday as well as the OPEC meeting. It is a busy week for global currencies as central banks take centre stage while a potentially explosive OPEC meeting on Friday makes the CAD a volatile prospect.

I am also shorting EURCAD             from 14250 (SL 14360)

Trade active
Trade active: Still holding short position from 13990
Trade closed: stop reached
when did you took that trade in 2004. Price has never ever been there at that level before after 2004 man
Reply
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
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 Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out