I'm sharing this trade idea based on recent developments:
Oil Price Decline: Falling oil prices typically weaken the Canadian Dollar (CAD), as Canada is a major oil exporter.
Trump's Presidency: Donald Trump being elected as the 47th President of the United States could bolster the GBP, especially considering his political stance on global trade and policies.
While Trump has made comments about integrating Canada with the U.S., I don't believe this will have an immediate impact on this trade.
⚠️ Risk Warning: This setup carries a high level of systemic risk due to the uncertainties surrounding these geopolitical events.
Let’s see how this plays out!
Oil Price Decline: Falling oil prices typically weaken the Canadian Dollar (CAD), as Canada is a major oil exporter.
Trump's Presidency: Donald Trump being elected as the 47th President of the United States could bolster the GBP, especially considering his political stance on global trade and policies.
While Trump has made comments about integrating Canada with the U.S., I don't believe this will have an immediate impact on this trade.
⚠️ Risk Warning: This setup carries a high level of systemic risk due to the uncertainties surrounding these geopolitical events.
Let’s see how this plays out!
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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.
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.