Canadian inflation data due for release on Friday for the month of July is expected to move the Canadian Dollar. I am expecting tame inflation data for July monthly, but the core CPI could inch closer to the 2.0% year-over-year. Looking at this scenario going into the trade before the release my favorite currency pair would be the GBPCAD with a long position as I expect the Canadian Dollar to be hit by sellers after the release of this report. Please note that I do not trade fundamentals and have enough reasons for a long in the GBPCAD.
Hi,
Good to know that.
Thank you