Analysis of Forex Trading, Financial Markets, and Economic Policies
Posts tagged as:
The decision day for the Canadian Dollar is almost here. On Tuesday (UPDATE: 9:00 AM Eastern time), the Bank of Canada will release its interest rate decision. The consensus is that the BoC will increase its key interest rate for the second consecutive time from 0.50% to 0.75%. The historical rates can been seen in [...]
{ 0 comments }
The Canadian Dollar went off-the-charts today as the Bank of Canada (“BoC”) speculated that rates may start going up in July 2010 (WSJ Article). To see the press release from the BoC, click here. I was short the USD/CAD & AUD/CAD crosses and long the CAD/JPY cross at the time of the release. Overall, it [...]
{ 1 comment }
Our first tracked trade finished in the red. The USD/CAD was trading in a tight range and then broke downward today on the back of an oil rally and overall dollar weakness. Unexpected cold weather in the U.S. and Europe is sending oil to multi-month highs. The 1-unit long USD/CAD trade opened on Tuesday (January [...]
{ 1 comment }
At around 3 AM today (Tuesday), I opened the first tracked forex trade at My Investment Analysis. All trade criteria (open, close, and adjustments) will be communicated through StockTwitsFX and Twitter. Analysis will typically be posted when a trade is “put on deck” and thus before a trade is opened. We’ve opened a 1-unit long [...]
{ 1 comment }
