Note: This section contains information in English only."The Canadian dollar and short-term bond yields slid, reversing course after Bank of Canada Governor Stephen Poloz said the central bank "actively" discussed the possibility of adding more stimulus into the economy."
– based on Bloomberg
Pair's Outlook
[ANNOUNCE]By the middle of the day it looked like the US Dollar is going to depreciate against the Loonie after it hit the weekly R1 at 1.3265.[/ANNOUNCE] However, as the CPI data was released in Canada, the rate skyrocketed to 1.3287. Which means that the currency exchange rate is set to continue the surge up to 1.3313, where the next resistance cluster begins at. Previously, the currency exchange rate jumped on comments made by the governor Poloz of the Bank of Canada.
Traders' Sentiment
SWFX traders must be pulling their hair, as 69% of open positions were short by mid-day on Friday. In the meantime, pending commands were 56% to buy the US Dollar.
Fri, 21 Oct 2016 14:16:04 GMT
Source: Dukascopy Bank SA
– based on Bloomberg
Pair's Outlook
[ANNOUNCE]By the middle of the day it looked like the US Dollar is going to depreciate against the Loonie after it hit the weekly R1 at 1.3265.[/ANNOUNCE] However, as the CPI data was released in Canada, the rate skyrocketed to 1.3287. Which means that the currency exchange rate is set to continue the surge up to 1.3313, where the next resistance cluster begins at. Previously, the currency exchange rate jumped on comments made by the governor Poloz of the Bank of Canada.
Traders' Sentiment
SWFX traders must be pulling their hair, as 69% of open positions were short by mid-day on Friday. In the meantime, pending commands were 56% to buy the US Dollar.