Yesterday we got positive news regarding the US stimulus package and even though i dont expect a deal can get done before the election, i do think both parties may reach an agreement before election. Which as we all know is bad news for the USD INDEX and good news for the metals and futures and a handfull of other curriencies such as the EURO,GBP CAD etc....
The fed stance on low interest rates and a higher inflation rate has and will continue to create opportunities for shorting the dollor. I shorted USDCAD on october 15th and today the 21st of october it's down -0.95%( 125 pips in profit ) . With that said i think price could continue to fall to 1.29964 -0.89% drop from its current price or 116 pips.
USDCAD
The fed stance on low interest rates and a higher inflation rate has and will continue to create opportunities for shorting the dollor. I shorted USDCAD on october 15th and today the 21st of october it's down -0.95%( 125 pips in profit ) . With that said i think price could continue to fall to 1.29964 -0.89% drop from its current price or 116 pips.
USDCAD