Tag Archives: CAD Overnight Rate

Forex News Trading: Trade for Wednesday, June 3, 2020

10:00 AM EDT CAD Overnight Rate USD/CAD Every economist interviewed thinks the BoC will keep the rate at 0.25% all the way till the end of 2021, indicating an expectation of a long slow recovery. I would expect they modify … Continue reading

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Forex News Trading: Trades for week of May 30 – June 5, 2020

It seems like forever since we did any real trading. The unemployment numbers are starting to level off so it looks like the worst is over, though the recovery will be slowed because each state is opening up at a … Continue reading

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Forex News Trading: Trades for Wednesday, April 15, 2020

10:00 AM EDT CAD Overnight Rate USD/CAD The BoC lowered the rate by 0.50 basis points on March 27, down to 0.25%. They are now looking at other options to get much needed cash into the economy. They did state … Continue reading

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Forex News Trading: Trades for week of April 12 – 17, 2020

I forgot to post the US CPI for Friday. The deviations were -.1 and -.2. I didn’t do this but with the corona virus scare and it being a bank holiday for much of the world (Good Friday) the movement … Continue reading

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Forex News Trading: Trade for Wednesday, March 4, 2020

10:00 AM EDT CAD Overnight Rate USD/CAD The central banks are really struggling with what to do to head off economic impacts from the corona virus. Yesterday the RBA decided to lower their rate in anticipation of an upcoming economic … Continue reading

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Forex News Trading: Trades for week of March 1 – 6, 2020

This past week there was only one trade that did nothing. It looks like it spiked down only about 5 pips before retracing the whole way. This was a good enough deviation to get a good move but this coronavirus … Continue reading

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Forex News Trading: Trades for Wednesday, January 22, 2020

8:30 AM EST CAD CPI USD/CAD In October we saw -.1 with a 21 pip spike. It pushed up 21 in the first minute and retraced half of that before the end of the minute. Continued falling slowly back over … Continue reading

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Forex News Trading: Trades for week of January 19 – 24, 2020

The only trade last week was the US CPI, which came put with a small deviation but a decent move. It spiked 12 but did not retrace all the way as you might expect from the small deviation. Instead it … Continue reading

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Forex News Trading: Trade for Wednesday, December 4, 2019

10:00 AM EST CAD Overnight Rate USD/CAD The rate is currently 1.75% and it is anticipated that it will be held there until next month. At that point half the economists think it will be lowered and half think it … Continue reading

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Forex News Trading: Trades for week of December 1 – 6, 2019

Well, with all the commotion around company and turkey cooking i completely forgot to post for the CAD GDP trade this morning. As expected it came out with a zero deviation and there was very little movement. Otherwise there was … Continue reading

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