There will be some important announcements coming affecting the CAD/USD. It would be hard to make a prediction at this point but a buy stop or sell stop on either side could be a good idea. Time (April 16th) Country Event Importance 2 am (9 pm ET time) China GDP q/y High 2 am China Industrial Production y/y High 2 am China Fixed Asset Investment...
USD/CAD - 15 mins - apporx 30 pips - R/W 1:3
I have started building a long position at GBP/CAD based on two fundamental views: 1) With the UK economy maintaining impressive momentum, I expect further upbeat data releases this week in form of CPI and employment change, highlighting the fact that the Bank of England could be the second DM central bank to hike interest rates after the RBNZ. 2) The Canadian...
28/04 IMPORTANT UPDATE This is an update for my previous idea We are now correting the 5 wave adavance from the 90.60 low. The correction could have ended at 92.30 (todays low), but it could go lower towards 91.70 before more upside. It also looks like an inverted head and shoulders is in the work. As 90.60 low holds look for a rally above the 100 figure in...