CAD/CHF is currently sitting at a key level and a big test. Today is also the day of the Canadian Interest Rate decision.
Forecast is for Canada to increase their rate from 4.75% to 5% which would be an increase of 0.25 points. However, this same prediction was made for the RBNZ last night and they decided to keep their rate the same.
If the BoC do keep the rates the same, or increase the rate I don't see how either could be positive for the CAD, simply putting it the country is not in the best of positions.
We also had the worst CPI report in almost 2 years not too long ago and an increase in Unemployment rates last month, despite adding jobs.
I don't see how any Canadian led pair could be considered bullish, given the state of the country and my bias is for a short here.
Forecast is for Canada to increase their rate from 4.75% to 5% which would be an increase of 0.25 points. However, this same prediction was made for the RBNZ last night and they decided to keep their rate the same.
If the BoC do keep the rates the same, or increase the rate I don't see how either could be positive for the CAD, simply putting it the country is not in the best of positions.
We also had the worst CPI report in almost 2 years not too long ago and an increase in Unemployment rates last month, despite adding jobs.
I don't see how any Canadian led pair could be considered bullish, given the state of the country and my bias is for a short here.
Operación activa
Couldn't update earlier, but trade is active and has been. On the way to a new all time low.Operación activa
Trade now running 132+ Pips strong. I am sure this will go all the way to 0.65000 but this is also a good place to secure profit.Operación cerrada: objetivo alcanzado
Take profit smashed. Beautiful trade.
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Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.