GBPCAD - Monetary Policy Divergence Suggest Shorts!
The Loonie is the strongest currency
out there at the moment and is ignoring
the decline in Crude Oil. Firming inflation
and a decent BoC business survey will
encourage the BoC next week to reiterate
an optimistic tone.
On the flip side, BOE's Carney was quite
dovish yesterday, and that's why we like
further GBPCAD downside.
Sell a tad at market even, but remember
that we're still transacting a round number.
Pullbacks to 6550 are possible.
out there at the moment and is ignoring
the decline in Crude Oil. Firming inflation
and a decent BoC business survey will
encourage the BoC next week to reiterate
an optimistic tone.
On the flip side, BOE's Carney was quite
dovish yesterday, and that's why we like
further GBPCAD downside.
Sell a tad at market even, but remember
that we're still transacting a round number.
Pullbacks to 6550 are possible.
Join over 42,000 traders and get the Forex Course for Smart Traders - 17 in-depth lessons - always 100% free at MarketMates.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.