With US away from their desks today we will get a dull session and the relentless loonie bid will grind us back towards the 1.3275x area. It is a good value level to re-engage with shorts and here looking to add ahead shorts there ahead of local CPI on Wednesday. The MT and LT outlooks for Canada are very good in my books;
A bullish USD view on risk via coronavirus flows will be better expressed versus EUR or even AUD because of relationship with China if things get really bad. Canada is less exposed on the monetary side (other than as collateral via oil) and as long as data holds up there will be no further rate cuts, and remember we have OPEC cuts coming next month.
As usual thanks for keeping the support coming with likes, comments and etc! Jump in with your charts and views below...
A bullish USD view on risk via coronavirus flows will be better expressed versus EUR or even AUD because of relationship with China if things get really bad. Canada is less exposed on the monetary side (other than as collateral via oil) and as long as data holds up there will be no further rate cuts, and remember we have OPEC cuts coming next month.
As usual thanks for keeping the support coming with likes, comments and etc! Jump in with your charts and views below...
Transaction en cours
Note
Trade fermée: cible de profit atteinte
Well done all those positioning for CAD CPI....Flawless positioning here.
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Publications connexes
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.