Usd/cad

Which pair are we talking about?

 

As you said, "across the board with USD."

 

However, we'll make it easy.

EUR/USD.

1.2606

 

The market is coming to terms with a dovish speech by Ben yesterday. They're beginning to guess at what I believe will happen, and that will be a pause in rates this go-round.

Wait, why am I explaining this to you again?

 

Closed my USD/CAD long:

Entered at .1315
Took profit at .1375

-Kastro

 

Sold into the 1380 failure.

 

Same
Should be interesting next week!

-Kastro

 

[STRATEGISER: TRADING THE CANADIAN CPI SURPRISE] Cad weakness has been most pronounced on the crosses after the surprise fall in Jun CPI. China again moving to slow its economy is also likely to weaken the commodities prop for the Cad, we look to buy Eur/Cad on the expectation more hikes to come from the ECB will contrast sharply with the on-hold BoC.

 

I do not doubt this. But the question will be what does the US unit do in relation to the CAD. Not the EUR.

 

What I see is if the Dollar cant brake the 1.14 with force this will collapse down soooo gooood and easy passing the 1.10 again.