In the evening, we have the monthly CAD CPI data to be released.
There is a forecast for data to be released at 0.4%, from the previous of -0.4%.
The USDCAD has been climbing up, currently trying to break above 1.2720.
If CPI data is released to be 0.4% or better, we could see a strengthening of the USDCAD (but this would be a counter trend trade)
I’ll be looking if CPI data disappoints, resulting in a weaker CAD, giving the USDCAD a boost above 1.2700 towards 1.2900.
There is a forecast for data to be released at 0.4%, from the previous of -0.4%.
The USDCAD has been climbing up, currently trying to break above 1.2720.
If CPI data is released to be 0.4% or better, we could see a strengthening of the USDCAD (but this would be a counter trend trade)
I’ll be looking if CPI data disappoints, resulting in a weaker CAD, giving the USDCAD a boost above 1.2700 towards 1.2900.
Orden cancelada
data released at 0.7% stronger CAD expected, counter trend trade
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Join my mailing list jindaotai.com/joinme
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.