So, who here is going short USD/CAD in anticipation of next weeks kerfuffle?
Reading the finance news today, it seems that there are "11th hour debt talks" going at at the White House, and a blunt comment, to wit: "Treasury has said it will run out of funds to service the country's debt by Tuesday unless a deal is struck to raise the $14.3 trillion borrowing limit." end quote.
Tons of news, and a comment in another thread by a user named Ninj, who speculated that although the pair went past the .9500 level on Friday, closing at .95 and change, it may not have been a true breakout. He seems to be armed for bear. I also choose not to ride the bull just yet.
As a Noob Trader, I can only speculate that perhaps some American market makers were trying to get the price to go up up up in order to get a bit more profit from any upcoming short trades. Oh well, anything's possible.
Just my 2 pips. Happy Trades!
Reading the finance news today, it seems that there are "11th hour debt talks" going at at the White House, and a blunt comment, to wit: "Treasury has said it will run out of funds to service the country's debt by Tuesday unless a deal is struck to raise the $14.3 trillion borrowing limit." end quote.
Tons of news, and a comment in another thread by a user named Ninj, who speculated that although the pair went past the .9500 level on Friday, closing at .95 and change, it may not have been a true breakout. He seems to be armed for bear. I also choose not to ride the bull just yet.
As a Noob Trader, I can only speculate that perhaps some American market makers were trying to get the price to go up up up in order to get a bit more profit from any upcoming short trades. Oh well, anything's possible.
Just my 2 pips. Happy Trades!