Marto_Jekko

Marto_Jekko

Neutral.

Marto_Jekko

Expecting USD to drop again to 1.332 this week.

Marto_Jekko

It's highly likely to follow this pattern since this is happens several weeks already. However, some volatile news are coming for the greenback. Be careful and happy and profitable trading

Marto_Jekko

CAD usually goes down starting 0100 am for several hours before London gets in the game. There is no indication this wont happened again. Only if the oil price continue to drops which will put the loonie in better position.

Marto_Jekko

This pair looks well balanced for today until the news for CAD arrive - Canada Core Consumer Price Index (CPI) MoM The forecast pretty positive for Canada so the loonie will jump up and going short is not bad idea. Setting order on 1.3353 for short and waiting for the drop.

Marto_Jekko

It is clear we are facing another jump back to higher levels of USD. Yesterday's release for oil inventory made it's way down and jumped up the CAD. However, we still remember the words of Canada financial minister that he needs it low. So let's see what is going to happen tomorrow when three important news for Canadian economy will push CAD up.

Marto_Jekko

The blue lines are when the London is opening, bright blue when NY is opening. - Red is when the existing home sales info in US are going to be. Forecast is bullish for USD. - At the same time there is release for the oil inventory which shows bullish predictions. Means strong CAD. However, still believe the trend is bullish for the greenback.

Marto_Jekko

Several positive news for CAD recently and more to follow. However, CAD is not so strong so it still needs some background and swings before reaches 1.30