BOC Drops Rates 1/2 Pt

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

  1. 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


    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


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


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


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