Forex Signal (Wed September 29 2010, 8:30Am NY Time EDT) - CA GDP m/m...

[Simon Edwards]

So weird... the actual number was right on the forecast, and two other news at the same time were good for the US, yet USD/CAD went way down??? Oh well I can't complain, got 30 pips out of this Thanks again Henry.

It's still going down should have waited. How do you know when to get out? Does the news that bring a spike usually move 40 pips or more?

It was a no trade. you got lucky. could very easily have gone bad

Stick to the plan

 

[Heriberto Dominguez]

So weird... the actual number was right on the forecast, and two other news at the same time were good for the US, yet USD/CAD went way down??? Oh well I can't complain, got 30 pips out of this Thanks again Henry.

It's still going down should have waited. How do you know when to get out? Does the news that bring a spike usually move 40 pips or more?

US is Canada's biggest trading partner, any US economic news are more important for Canada than for US itself