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USD/CAD

  • #12,281
  • Oct 22, 2017 9:43pm Oct 22, 2017 9:43pm
Focus on the BoC this week, the pair is likely to extend the rally if the BoC will show any sign of dovish tone.
  • #12,282
  • Oct 24, 2017 3:50am Oct 24, 2017 3:50am
USD/CAD did rally above 1.2600 as I thought it would. The pair remains very bullish and I wouldn't be surprised if it continues moving north to the last local high at 1.2777.
  • #12,283
  • Oct 24, 2017 6:24am Oct 24, 2017 6:24am
USD/CAD appears capped at current level. Above 1.2670 bulls will take over, right now pair is in bearish territory.
  • #12,284
  • Oct 24, 2017 9:52am Oct 24, 2017 9:52am
there may be a surprise rate hike tomorrow and I think this pair could go to 1.23

something doesn't feel right about staying long
Don't Worry Be Happy
  • #12,285
  • Oct 24, 2017 9:57am Oct 24, 2017 9:57am
Quoting MrPresident
there may be a surprise rate hike tomorrow and I think this pair could go to 1.23 something doesn't feel right about staying long
Hi Mr. President. I hold your opinions in regard. Are you bullish on the CAD?
  • #12,286
  • Edited Oct 25, 2017 3:53am Oct 24, 2017 10:06am | Edited Oct 25, 2017 3:53am
It would be highly unusual to raise interest rates with GDP at zero growth.
Gone to a better place
  • #12,287
  • Oct 24, 2017 10:15am Oct 24, 2017 10:15am
Quoting arigoldman
USD/CAD appears capped at current level. Above 1.2670 bulls will take over, right now pair is in bearish territory.
Bulls gathering strength. The breakout of ranging would be explosive
Make all mistakes in demo and rain in pips in live account
  • #12,288
  • Oct 24, 2017 10:18am Oct 24, 2017 10:18am
Quoting MoneyFocus
{quote} Hi Mr. President. I hold your opinions in regard. Are you bullish on the CAD?

we need to wait more on cad as it's not getting strong
Attached Image (click to enlarge)
Click to Enlarge Name: cad.png Size: 11 KB
  • #12,289
  • Oct 24, 2017 10:18am Oct 24, 2017 10:18am
Does anyone remember if the previous set of CAD data was good or bad?
  • #12,290
  • Oct 24, 2017 10:21am Oct 24, 2017 10:21am
Quoting MoneyFocus
Does anyone remember if the previous set of CAD data was good or bad?
You can configure the calendar on the home page and compare data for any given period.
Gone to a better place
  • #12,291
  • Oct 24, 2017 10:27am Oct 24, 2017 10:27am
Quoting smikester
{quote} You can configure the calendar on the home page and compare data for any given period.
ah...thanks
  • #12,292
  • Oct 24, 2017 10:27am Oct 24, 2017 10:27am
Quoting smikester
It would be highly unusual to raise interest rates with GDP at zero growth. I'm holding and adding.
Canadian inflation grew compared to last year albeit just below expectations. It won't be too unreasonable for BoC to choose to raise interest rates on that fact alone despite recent sluggish economic readings. Additionally, job growth still persists. Still, it's also reasonable for BoC to have a wait-and-see approach and hold interest rates for this month. Basically, it can go either way.
  • #12,293
  • Oct 24, 2017 10:34am Oct 24, 2017 10:34am
Quoting MoneyFocus
Does anyone remember if the previous set of CAD data was good or bad?
You can easily google it and you would be directed to webs for information
Make all mistakes in demo and rain in pips in live account
  • #12,294
  • Oct 24, 2017 11:51am Oct 24, 2017 11:51am
Quoting raklian
{quote} Canadian inflation grew compared to last year albeit just below expectations. It won't be too unreasonable for BoC to choose to raise interest rates on that fact alone despite recent sluggish economic readings. Additionally, job growth still persists. Still, it's also reasonable for BoC to have a wait-and-see approach and hold interest rates for this month. Basically, it can go either way.
Well, thanks for that correction. And how do the figures compare to the USA?
Gone to a better place
  • #12,295
  • Edited 12:12pm Oct 24, 2017 12:00pm | Edited 12:12pm
Quoting smikester
{quote} Well, thanks for that correction. And how do the figures compare to the USA?
It's not about economic readings at this point.

It's all overshadowed by the upcoming tax reform. The strengthening of the US dollar in the past few weeks hinged on the tax reform passing, so basically the market is attempting to price it in.

If it doesn't go anywhere, there's gonna be a huge whipsaw to the downside - continuing the long-term trend to the downside. The markets can be stubbornly cyclical even the fundamentals do not support it.

This is not to say the US dollar will start weakening right now. It could be next month or next year. The negotiations for the tax reform is still in flux.

Still doesn't change the fact BoC may give us a surprise interest rate hike. It doesn't compare Canadian readings with that of the USA in its determinations.
  • #12,296
  • Oct 25, 2017 12:01am Oct 25, 2017 12:01am
I think the bullish structure is weak and this pair will give some to the downside today
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_20171025_075934.jpg Size: 91 KB
  • #12,297
  • Oct 25, 2017 4:03am Oct 25, 2017 4:03am
nice spike
  • #12,298
  • Oct 25, 2017 4:37am Oct 25, 2017 4:37am
Quoting mamalujo
nice spike
That i sold and will keep on selling all rallies now...for 150/200 pips and see
COT: The precious data ignored
  • #12,299
  • Oct 25, 2017 4:43am Oct 25, 2017 4:43am
Quoting kuroro001
{quote} That i sold and will keep on selling all rallies now...for 150/200 pips and see
sold it too, but out at 2700.

BOC in about 2 hrs
  • #12,300
  • Oct 25, 2017 6:04am Oct 25, 2017 6:04am
noticed some corellation between usdcad and usdmxn
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