Hi there
This is Crazy Cat with a potentially profitable trading opportunity...
Tuesday, Jan 19th (9:00 am New York Time) Canada
We have Canadian Interest Rate coming out. It is expected to read 0.25. Last month it read 0.25 also.
I recommend trading USD/CAD for this report.
Please read what this indicator means and how it affects the USD/CAD by going to this link: https://www.forexpeacearmy.com/fore...ns/7802-canadian-interest-rate-statement.html
The trigger for this indicator is 0.25. This means that if Canadian Interest Rate comes out at 0.50 or more, USD/CAD will probably go down by 80 pips or more in the first 45 minutes of the report. I don't think it is possible they would cut the rates so if you see a cut, most likely it is by error and I would not enter a trade.
Obviously, the bigger the difference between expected and actual numbers, the bigger will be the move.
To read the after-spike retracement strategy for this report click here: https://www.forexpeacearmy.com/fore...atement-after-spike-retracement-strategy.html
For example: on April 21st, Canadian interest rate came out at 0.25, versus an expectation of 0.50. USD/CAD went up by more than 100 pips. See for yourself what happened by seeing this chart: Forex news trading currency exchange charts
I highly recommend you study the entire history and charts of this report by following this link: Forex News Trading | Details and History for CAD Interest Rate Statement
I hope you make some money on this report.
-Crazy Cat
This is Crazy Cat with a potentially profitable trading opportunity...
Tuesday, Jan 19th (9:00 am New York Time) Canada
We have Canadian Interest Rate coming out. It is expected to read 0.25. Last month it read 0.25 also.
I recommend trading USD/CAD for this report.
Please read what this indicator means and how it affects the USD/CAD by going to this link: https://www.forexpeacearmy.com/fore...ns/7802-canadian-interest-rate-statement.html
The trigger for this indicator is 0.25. This means that if Canadian Interest Rate comes out at 0.50 or more, USD/CAD will probably go down by 80 pips or more in the first 45 minutes of the report. I don't think it is possible they would cut the rates so if you see a cut, most likely it is by error and I would not enter a trade.
Obviously, the bigger the difference between expected and actual numbers, the bigger will be the move.
To read the after-spike retracement strategy for this report click here: https://www.forexpeacearmy.com/fore...atement-after-spike-retracement-strategy.html
For example: on April 21st, Canadian interest rate came out at 0.25, versus an expectation of 0.50. USD/CAD went up by more than 100 pips. See for yourself what happened by seeing this chart: Forex news trading currency exchange charts
I highly recommend you study the entire history and charts of this report by following this link: Forex News Trading | Details and History for CAD Interest Rate Statement
I hope you make some money on this report.
-Crazy Cat
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