We have entered long-term trade at 1.3144 with stop loss at 1.25 and take profit at 1.40.
FED tightening is not fully priced in the market. Probable US border tax adjustment would boost USD, but also will have a negative impact on Canadian trade. Bank of Canada is will not tighten in firs half of 2017
Showing posts with label usd. Show all posts
Showing posts with label usd. Show all posts
Monday, 16 January 2017
Thursday, 17 December 2015
Long USDCHF
We have entered long-term trade at 0.9894 with stop loss at 0.92 and take profit at at 1.05.
We believe that richly valued CHF will lose its value against USD whose tightening cycle has just started.
We believe that richly valued CHF will lose its value against USD whose tightening cycle has just started.
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