It’s likely a eurcad long day
- #706
- Edited 8:13am Mar 24, 2022 7:58am | Edited 8:13am
- Joined Dec 2021 | Status: hungry for pizza & burgers | 2,542 Posts
{quote} the blue lines are my targets for this pair{image}
https://www.dw.com/en/russia-energy-...eu/av-61237918
if there is no ban, then I still think that the floor will be broken due to the higher cost of oil and slow EU growth
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
- #709
- Apr 4, 2022 8:14am Apr 4, 2022 8:14am
- Joined Dec 2021 | Status: hungry for pizza & burgers | 2,542 Posts
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
- #710
- Apr 5, 2022 7:49am Apr 5, 2022 7:49am
- Joined Dec 2021 | Status: hungry for pizza & burgers | 2,542 Posts
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
The Bank of Canada raised its benchmark interest rate a half point Wednesday
and released a new economic forecast that says inflation will remain well above
its comfort zone for the rest of the year.
Bank of Canada governor Tiff Macklem and the six deputies on Governing Council
increased the benchmark interest rate to one per cent from 0.5 per cent, the biggest
one-time increase in borrowing costs since 2000. (The central bank typically adjusts
policy a quarter-point at a time.)
The central bank also initiated quantitative tightening (QT), which is the opposite
of quantitative easing, the aggressive approach to monetary stimulus known as QE.
Under QE, the central bank created hundreds of billions of dollars to purchase
government bonds. It stopped creating money to buy bonds last year, but as the
assets it purchased during the COVID-19 recession matured, it had been using
the proceeds to purchase more bonds. The central bank will no longer do that,
removing itself as an active buyer in the debt market.
HELL IS EMPTY, ALL THE DEVILS ARE HERE. -- Shakespeare
EURCAD, 1h
Most of the price movement came before 10 am, which is the scheduled time of the announcement.
(I was working--I didn't see it, so I'll presume the announcement came at 10 am.)
Since there has been talk of rate hikes for several days, I presume that the smart
money took their positions well in advance of Macklem's announcement.
The distance between the two closing prices (blue tags) is 131 pips.
HELL IS EMPTY, ALL THE DEVILS ARE HERE. -- Shakespeare
- #718
- Apr 28, 2022 7:40pm Apr 28, 2022 7:40pm
- Joined Oct 2019 | Status: Forexian Fighter = FF | 16,341 Posts
next 1.30236
8
each day 10%,,,, https://www.forexfactory.com/thread/1371538
- #720
- May 16, 2022 10:15pm May 16, 2022 10:15pm
- Joined Jul 2011 | Status: Gold Again | 10,569 Posts
Failed to get the confirmation to go short, shall wait until CPI until Wednesday to see if down-trend will continue.
What's that?
It takes a lot for me to IGNORE you, but you can try.