Feb 212020
 

Canada’s Retail Sales is coming at 2130H (GMT+8)

Previous data came out 0.2. Analysts expecting 0.4. Increase in data may mean that there may be an improvement.

If CAD goes up, I’ll short this against the USD. Note that oil started its descent last night so any appreciation on CAD may be short-lived because of its correlation.

If CAD goes down, I’ll buy this against AUD, NZD, EUR, GBP or JPY.

Take note of previous trades on EUR and GBP today. Be careful not to double positions on these currencies when trading CAD. Including the counter currency of your current active positions.

Trader H

TraderH is a foreign currencies trader and a former Certified Securities Representative in the Philippine equities market. All posts herein are personal views and are not endorsed by any organization whatsoever. It is important that you practice due diligence in your trade plans. This website and its authors will not be held responsible nor liable to any of the reader's losses.

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