Home / Forex & Currency Exchange News / Tuesday Trading Tip – Bank of Canada Preview

Tuesday Trading Tip – Bank of Canada Preview

The Bank of Canada meets tomorrow and based on the following table, they have more reasons to smile this month with consumer spending and job growth improving significantly. Oil prices are also up 10% since March and the slowing down of Fed tightening will remove some of their worries about the outlook for Canada’s economy. So chances are the BoC rate decision will be positive for the Canadian dollar

CAD0416

Click Here For Original Source Of The Article

About Louie Lewis

Louie Lewis
Successful forex trading starts with you first. Then comes the actual strategies and techniques. I have been involved with forex and forex trading for a few years now. It is a wonderful way to build wealth. The learning never stops and I want to help others along their journey into this wonderful market of opportunity.

Check Also

GBP/CAD Reverses to Form Double Bottom on Weekly

GBP/CAD Reverses to Form Double Bottom on Weekly

Following a failed descending triangle formation, the pound is now clearly trying to reverse its long-term trend versus the Canadian dollar. The impending switch to an uptrend is signaled by the double bottom pattern on the weekly timeframe.

You can see the bottoms and the neckline marked by the yellow lines on the chart below. The cyan …

Leave a Reply

Your email address will not be published. Required fields are marked *

css.php