Free no deposit Bonus Forex
Sunday, 17.11.2019, 05:30
Welcome Guest | RSS
 
Main RegistrationLogin
Site menu
Login form
Earn 3-10% per
FreshForex bonus
Cripto Invest
Statistics

Total online: 1
Guests: 1
Users: 0
...
Main » 2019 » October » 31 » Foreign exchange market to earn today? Trading Ideas 10/31/2019 - On the "bull" rally USDCAD!
12:39
Foreign exchange market to earn today? Trading Ideas 10/31/2019 - On the "bull" rally USDCAD!

article34400.jpg

Trading session on Wednesday brought good profit Canadian dollar sellers. During the day the pair USDCAD rebounded from 1.3084 and test resistance 1.32. Despite the fact that to gain a foothold above the buyers failed to rapid growth of the pair shows the full spread, which can develop into a new bullish rally. 

 

AMarkets

 

The focus of the traders were meeting of the Bank of Canada, which, as expected, kept interest rates unchanged at 1.75%, but left the opportunity to reduce it in the future in order to stimulate the economy and neutralize the negative effects of the global trading uncertainty. The sale of the Canadian dollar after the release of the accompanying statements of the Bank of Canada is a reaction to the fact that the Bank of Canada all began to recognize the negative impact of external threats.


The Bank of Canada noted that the Canadian economy will increasingly be tested for strength in continuing uncertainty and economic growth is likely to slow down due to trade conflicts and the weakness of the power sector. In this regard, GDP forecast for 2020 was lowered from 1.9% to 1.7%, and in 2021 from 2.0% to 1.8%. Thus, a change in the rhetoric of the Canadian regulator has raised expectations of easing monetary policy if economic data deteriorate and the international situation. Market participants believe that the recent comments of the Bank of Canada significantly increased the likelihood of a rate cut in January 2020. Given this, the growth of the pair USDCAD may continue, especially in the resumption of sales in the market of hydrocarbons.

 

USDCAD BuyLimit 1,3150 TP 1,3370 SL 1,3090

 

Do not miss: Trading robot for traders who earns


Analytical reviews and comments reflect the personal opinion of the authors and are not a recommendation to trade. Author Artem Deev trader analyst AMarkets . The social network of Forex traders shall not be liable for any damages in case of a vision materials

 

 

Similar articles:

FOREX FORECAST → How to make money in the forex market today? Trading Ideas traders 19/06/2019 - ECB against expensive euro!

FOREX FORECAST → How to make money in the Forex today? Trading Ideas traders 18/06/2019: Australians sent to a prolonged peak.

FOREX FORECAST → ? How to make money trader today Trading Ideas 04.06.2019: ERU / USD - a chance to sell more

News → the Forex - how much can you earn? Example of earnings in the foreign exchange market (from October 5 to October 9, 2015) for the pair EUR / USD?

FOREX FORECAST → How to make the trader today? Trading ideas 06/13/2019: Oil pressure on the "Canadian"

 

 

Views: 18 | Added by: mik | Rating: 0.0/0
Total comments: 0
Only registered users can add comments.
[ Registration | Login ]
Search
Forex Brokers
WELCOME 35USD
Calendar
Entries archive
Our poll
Rate my site
Total of answers: 40
Site friends
  • Create a free website
  • Online Desktop
  • Free Online Games
  • Video Tutorials
  • All HTML Tags
  • Browser Kits
  • Rating
    Copyright Bonus-FX.com © 2019-2012
    Website builderuCoz