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Considering last Rate statement (Apr 12, 2017) where BOC stated that:
It is almost a given BOC will not act today. However, in the unlikely event of a RATE CUT, we should see some strong selling action on the CAD and we should go LONG on USDCAD immediately… Here’s what analysts expect: 10:00am (NY Time) CA BOC Interest Rates Decision Forecast 0.50% Previous 0.50% The Trade Plan For more information on my Spike trading method, please read: https://www.currencynewstrading.com/how-to-get-started-with-news-trading/ I’d recommend to use the Recommended Pairs from above as they are based on my CSM, which should provide the best combination of currency pairs to trade based on better/worse news… of course, you can also trade the default pair: USDCAD. Outlook Score Definition Thanks,
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CA BOC Interest Rates Decision | May 24, 2017 | Forex News Trade
May 21, 2017 by Leave a Comment