Thanks and very good post.Originally Posted by ;
In regard to deviaion of numbers a good example was the cad cpi on Friday. I think we may find a hike release although now the y/y cpi was over 2% so the boc is going to be forced to increase but with nafta yanking it makes things tricky.
Concerning rate you don' have to be super fast you simply must be able to assess within 10 minutes just how impactdul the news is. As an example when Theresa May called a snap election the pound rallied for quite some time. Another instance is if the junior brexit minister says we are near a brexit deal it will only rally to get a bit as we have heard this 100 times and the UK is in precisely the exact same space.
The Fed last week mad the market since they are not hiking 4 days this year and rather added another increase in next year. Adding another increase yr will not guarantee it'll happen why dollar sold. Traders want to view certainty.
Expect the eur/USD to gain strength up to 1.26 since the ecb have said that they will probably quit qe shortly and increase possibly quite soon.
The jpy currency has been gaining so much potency due to geopolitics. No form of analysis might predict the motions. Is lool in the 1 day chart for gbp/jpy or usd/jpy. Now it cannot maintain an upward trend due to nonsense going on in Japan and usa.