70% EC and UC spike came down.Ton of money saved by just waiting some hours
edit 80% now
Firmly holding my NU AU longs and AJ NJ longs
Some in profit but I think these will go lot higher.Once Trump cools off on Tariffs commodity pairs will take off.
I don't blame Canadian retail sales numbers when Trump threatens their industries it scares people real or not does not make folks go out and spend.
"
"These reports kind of highlight an economy that has slowed pretty significantly from the last year or two," Robert Kavcic, senior economist for BMO Capital Markets, said in an interview.
"Given a lot of the uncertainty out there, and a little bit of a softer tone to this data, I think expectations for a July rate hike have probably come down a little bit."
Royce Mendes of CIBC Capital Markets wrote in a report that Friday's "bad data" make it even more difficult for the Bank of Canada to hike rates in July. Mendes noted, however, that things could improve before Poloz's July 11 meeting because more important numbers on gross domestic product and employment are still on the way.
Nathan Janzen, RBC senior economist, said the combination of Friday's figures, somewhat slower economic growth and a deteriorating tone in trade discussions with the U.S. "aren't all that encouraging" and will make the Bank of Canada's rate decision closer than previously thought.
Ranko Berich, head analyst at Monex Canada and Monex Europe, said the central bank's July rate decision is "now an unknown factor."
The hunt for clues into Poloz's thinking will continue next Wednesday when he gives a speech to the chamber of commerce in Victoria, B.C.
https://www.ctvnews.ca/business/unex...step-1.3984585
edit 80% now
Firmly holding my NU AU longs and AJ NJ longs
Some in profit but I think these will go lot higher.Once Trump cools off on Tariffs commodity pairs will take off.
I don't blame Canadian retail sales numbers when Trump threatens their industries it scares people real or not does not make folks go out and spend.
"
"These reports kind of highlight an economy that has slowed pretty significantly from the last year or two," Robert Kavcic, senior economist for BMO Capital Markets, said in an interview.
"Given a lot of the uncertainty out there, and a little bit of a softer tone to this data, I think expectations for a July rate hike have probably come down a little bit."
Royce Mendes of CIBC Capital Markets wrote in a report that Friday's "bad data" make it even more difficult for the Bank of Canada to hike rates in July. Mendes noted, however, that things could improve before Poloz's July 11 meeting because more important numbers on gross domestic product and employment are still on the way.
Nathan Janzen, RBC senior economist, said the combination of Friday's figures, somewhat slower economic growth and a deteriorating tone in trade discussions with the U.S. "aren't all that encouraging" and will make the Bank of Canada's rate decision closer than previously thought.
Ranko Berich, head analyst at Monex Canada and Monex Europe, said the central bank's July rate decision is "now an unknown factor."
The hunt for clues into Poloz's thinking will continue next Wednesday when he gives a speech to the chamber of commerce in Victoria, B.C.
https://www.ctvnews.ca/business/unex...step-1.3984585
In trading, you have to be defensive and aggressive at the same time
13
now go drink some beer
