USD/CAD – Close Open Orders
Our short USD/CAD idea looks like it panned out well…almost. The pair did find resistance and fell lower, but unfortunately it found sellers below our entry price around 1.0240 before falling lower.
Read MoreOur short USD/CAD idea looks like it panned out well…almost. The pair did find resistance and fell lower, but unfortunately it found sellers below our entry price around 1.0240 before falling lower.
Read MoreOur hopes for a “buy the rumor, sell the news” didn’t pan out for the AUD/USD as the pair boosted higher, rather than selling off on profit taking just after the release of Australian CPI yesterday.
Read MoreIt seems the market has reached a bit of indecision, to no surprise as we approach the Bank of Canada’s interest rate decision tomorrow. Expectations are for a
Read MoreBlah! Even with oil rallying above 110.00, it looks like we took a hit as USD/CAD continued to rise, in an uncorrelated move relative to the rest of the majors.
Read MoreThe pair has been swinging above and below our entry position since we opened it, and with what appears to be strong buying support at .9100, I have decided to close it down.
Read MoreOur trade triggered on Friday, and after going our away by about 30 pips or so, buyers jumped in today around 1.02 to push the pair higher even as Canadian GDP came out higher than expected.
Read MoreOur remaining position was closed early this morning after the pair rallied on US Dollar strength.
Read MoreOur remaining position closed out at breakeven as the US Dollar rallied through out the morning European trading session and after US CPI read unchanged.
Read MoreLooks like traders decided to buy back Canadian Dollars before we could hit parity as the pair trended lower during the Europe/US overlap. The Dollar is out of favor once again today as we
Read MoreOur trade closed on Friday as there was a reversion from risk, as higher risk assets fell (equities, commodities, higher yielding assets, etc.)…
Read MoreArgue for your limitations, and sure enough they are yours.Richard Bach