PROMO INVESTMENT CAPITAL RECEIVED SUCCESSFULLY 👌 🔥🔥🔥 KEEP JOINING ✅
SLOW AND STEADY WE KEEP MOVING TO OUR SUCCESS 🙌 KEEP SENDING TEAM, DON'T HESITATE TO MESSAGE US FOR YOUR SAFE, LEGIT & RELIABLE INVESTMENT ✅😁😁
PROMO INVESTMENT CAPITAL RECEIVED SUCCESSFULLY 👌 🔥🔥🔥 KEEP JOINING ✅
🇨🇦 Volatility in USDCAD will rise today due to important reports releases
The Canadian dollar (CAD) lost 0.36% on Wednesday, as Brent and WTI oil prices dropped after the U.S. reported a larger-than-expected increase in crude oil stocks.
#Possible effects for traders
USDCAD has been trading in a clear bullish trend since the beginning of 2024, as investors pushed back their expectations of imminent rate cuts by the Federal Reserve (Fed). At the same time, traders expect the Bank of Canada (BOC) to start cutting interest rates earlier than the Fed, pricing in a 40% probability of a 25-basis-point rate cut in April, while expecting the Fed to lower rates no earlier than June. This divergence in traders' expectations is exerting upward pressure on USDCAD. However, the strong resistance the pair is facing at 1.36000 may be impossible to break without a solid fundamental impulse. This impulse may occur today as both countries will release important macroeconomic reports.
#USDCAD was declining slightly during the Asian and early European trading sessions. Today, traders should focus on 2 critical reports at 1:30 p.m. UTC. First, Statistics Canada will publish the Gross Domestic Product (GDP) report, and the U.S. will release the Personal Consumption Expenditure (PCE) Price Index. The U.S. data tends to have a more sizeable impact on the market, and it may balance out any effect from the Canadian data. Overall, volatility in USDCAD could be quite substantial. The most bullish impact on USDCAD will be in case of weaker-than-expected Canadian GDP and higher-than-expected U.S. PCE data. Thus, USDCAD may move towards 1.36500. Conversely, strong Canadian GDP figures and lower U.S. inflation numbers will put substantial bearish pressure on the pair, and the mid-term bullish trend in USDCAD may reverse.
The Canadian dollar (CAD) lost 0.36% on Wednesday, as Brent and WTI oil prices dropped after the U.S. reported a larger-than-expected increase in crude oil stocks.
#Possible effects for traders
USDCAD has been trading in a clear bullish trend since the beginning of 2024, as investors pushed back their expectations of imminent rate cuts by the Federal Reserve (Fed). At the same time, traders expect the Bank of Canada (BOC) to start cutting interest rates earlier than the Fed, pricing in a 40% probability of a 25-basis-point rate cut in April, while expecting the Fed to lower rates no earlier than June. This divergence in traders' expectations is exerting upward pressure on USDCAD. However, the strong resistance the pair is facing at 1.36000 may be impossible to break without a solid fundamental impulse. This impulse may occur today as both countries will release important macroeconomic reports.
#USDCAD was declining slightly during the Asian and early European trading sessions. Today, traders should focus on 2 critical reports at 1:30 p.m. UTC. First, Statistics Canada will publish the Gross Domestic Product (GDP) report, and the U.S. will release the Personal Consumption Expenditure (PCE) Price Index. The U.S. data tends to have a more sizeable impact on the market, and it may balance out any effect from the Canadian data. Overall, volatility in USDCAD could be quite substantial. The most bullish impact on USDCAD will be in case of weaker-than-expected Canadian GDP and higher-than-expected U.S. PCE data. Thus, USDCAD may move towards 1.36500. Conversely, strong Canadian GDP figures and lower U.S. inflation numbers will put substantial bearish pressure on the pair, and the mid-term bullish trend in USDCAD may reverse.
GbpAud Sell Now @ 1.94813
Sl 1.95300
Tp1 1.94688
Tp2 1.94300
Sl 1.95300
Tp1 1.94688
Tp2 1.94300
GbpAud sell @ 1.94850-1.94100
Sl : 1.95300
TP1 : 1.94650
TP2 : 1.94200
Sl : 1.95300
TP1 : 1.94650
TP2 : 1.94200
1000pips Builder (Free signals)
GbpAud Sell Now @ 1.94813 Sl 1.95300 Tp1 1.94688 Tp2 1.94300
Sharp Entry ! Nice Shot 😎
1000pips Builder (Free signals)
GbpAud sell @ 1.94850-1.94100 Sl : 1.95300 TP1 : 1.94650 TP2 : 1.94200
Shadow entry ✅
Sniper entry ✅
Zero Drawdown entry +15Pips✅
Sniper entry ✅
Zero Drawdown entry +15Pips✅
Stick close to me, I have many students around the world.
Everything in this channel is all FREE💯
Everything in this channel is all FREE💯
GOLD BUY NOW
(2042.5-2040.5)
TP1: 2044
TP2: 2046.5
STOP LOSS: 2038.5
(2042.5-2040.5)
TP1: 2044
TP2: 2046.5
STOP LOSS: 2038.5