PREDICTING CAD RETAIL SALES ONE HOUR FROM NOW
This is going to be a difficult decision, but our consensus
would be that CAD will weaken on the Retail News.
This is a difficult decision because CAD is roughly mid-range
in its positioning for the week. So it takes some thinking…
The News is 1 hour away, as I write this, and Selling CAD/CHF
could be a good pairing to choose. There are other pairings,
such as Buy EUR/CAD or GBP/CAD, but I’ve personally
chosen to Sell CAD/CHF using a PUT option on CloseOption
dot com .
These 3 possible Currency Pairings for CAD
appear the most promising… Details to come,
Watch this space ( 12:37 GMT now ) for the News
Event outcome at 13:30 GMT.
We always try to get in BEFORE the event, and never
during the volatility which often occurs…
[UPDATE] 10 minutes before the CAD Retail News…
[ UPDATE 14:00 GMT ] CAD is currently NOT dropping,
probably due to the mixed Retail news where Core
Retail was weaker; but “normal” ?? Retail was stronger ??
Whatever that means… LOL
Well, CAD’s not called “loonie” for nothing !! LOL
Finally, we’re seeing CAD relax… And, don’t forget,
this is a Friday so weirdness rules apply