Two way whipsaw, dust won't settle until after the policy statement. I guess bulls are disappointed by the rate decision but they are not giving up because fundamentals especially the oil price is on their side, for now.

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Watch oil

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I prefer cucumber to be under $1 if possible!

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The worst blow that Poloz can deal to bulls is by saying "fiscal policy is more appropriate for the current economic situation in Canada", if we hear anything like that, we are going back to 1.3

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Poloz might got a call from Trudeau last night: "mate, hold your gun, I am paying bloody 13 dollar for a cucumber now!"

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The press conference is the next, so its not over yet, you'll get another short if you believe it will fall. Also I don't think bulls will not give up that easily. BOC decision doesn't change fundamentals

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That's some damn quick money to make, man you feeling lucky going to Vegas?

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Trade idea. Since market has been pricing BOC rate cut so aggressively, I would sell a spike high in case of a "cut", and buy a spike low in case of a "no cut". The idea is that for "cut", this is a buy rumour sell fact, esp. given the probability ...

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Congradulations, GBP become the new CAD.

Cable Update (GBPUSD)

Agree, only a very significant PA on HTF will do the reality call, just like what a huge slap on face will do to a person who's lose his mind.

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A weaker currency is good in short term but bad in long term. It means you lose out to the competition for international capital flows, no investment no grow. The decline in CAD is too much at its current level now. At some point the coin will flip, ...

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Could be, all eyes on 20th Jan BOC meeting now. I come across this: url Take away from the article is that the market is pricing a 50% cut in Jan meeting and almost 100% cut in Mar meeting, in contrast to just 6% Jan cut back in Dec. This means ...

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Very clear pattern, but my faith in technical of this pair, especially anything below D1 TF is not very strong. Hope to see a H&S in a larger TF to bring this monster down, properly!

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Here we go $-0.5/bbl oil comes: url Bottom of oil? Maybe it is coming.

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Agree, I haven't got access to other information sources though.

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Lol? Have to agree. Smart people they are.

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Hi Ken, I think many long may scratching their heads and wonder why they are making so much money so fast, right?!

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Talking about spike, I will show you the grand daddy of all spikes, bring on, the ZIMBABWEAN DOLLAR! I know this is the official exchange rate, which is BS anyway and nowhere close to its craziness on the black market, but it is still fun to see the ...

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Now it falls back within 1.46, in another blink of eyes. Sorry for spamming this thread, but this is kind of exciting. Watch this pair really taught me a lot over the past few months. The price action and the greedy and fear behind it is text book ...

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Currency trading is continous, 24x7. Retail platform will shut down over the weekend, but inter-bank market will continue, the price change is reflected on xe.com So in a sense there is not really a Sunday opening gap, it is just a price ...

USD/CAD