BOC Drops Rates 1/2 Pt

Discussion in 'Forex Trading' started by cstfx, Mar 3, 2009.

  1. cstfx

    cstfx

    BOC this morning cut overnight lending rates to .50% as expected. USD/CAD rallies 1 cent on the news tho.
     
  2. 4 trade attempts, 0 fills, 12 pip spreads.

    Fun, fun, f@#%@#$
     
  3. Filled me on the second 5 sell...
     
  4. cstfx

    cstfx

    I think this move is beginning to run on fumes. Will short if it fails 1.2940 again or breaks 2900 with a target of 2750.
     
  5. cstfx

    cstfx

    Stopped out @ 2945. :(
     
  6. It was the quantitive easing statement that caused the move.
     
  7. Subdude

    Subdude

    Ouch, that hurts - especially in the hindsight. Quadruple top appears in place on the daily. Further downside all but guaranteed.
     
  8. cstfx

    cstfx

    Yeah, premature. But it happens to all of us from time to time. :)