USDCAD: consolidation before the publication of the statistics on Canada's labor market

February 6, 2015


Sell on a level breakthrough of 1.2351 with 1.2123 target. Stop loss = 1.2420.

Reason for the trading strategy

   The rise in prices for WTI crude oil of up to 51.6 dollars per barrel allowed the Loonie to seize the initiative from its US counterpart.  Today, at the time of the publication of data on the US and Canada's labor markets, a rise in volatility of the USD/CAD pair is likely.     


Publication source
EXNESS information  EXNESS reviews

September 23, 2016
Gold rises to critical level on lower-for-longer policy signals
The price of gold extended its rebound modestly on Thursday after the US Federal Reserve provided some key signals on Wednesday that, despite a considerable probability of one Fed rate hike by the end of this year...
September 22, 2016
Moving on from the Fed
The reaction seen in currency markets yesterday to respective central bank policy decisions was instructive of the change in dynamics that we’re seeing. The BoJ enacted a number of changes to its policy regime...
September 21, 2016
Bank of Japan runs out of road
The Bank of Japan delivered a whole heap of nothing at its policy meeting today, although some adjustments were made to its policy framework. If you take the time to read through these measures, then the impression is of a central bank that has largely lost the monetary plot...

Orbex Rating
OANDA Rating
Tickmill Rating Rating
FBS Rating
OctaFX Rating

OptionRally Rating
EZTrader Rating
Grand Option Rating
Porter Finance Rating
365BinaryOption Rating
OptionFair Rating