Talking Points:
• The Bank of Canada hiked rates against a market forecast that only afforded the outcome a 44 percent probability
• All Canadian Dollar crosses registered substantial gains for the Loonie, with some like USD/CAD marking new ground or breaks
• Yet, for CAD/JPY the charged pushed it to significant resistance but not beyond; and now we’re left with ‘break or reversal’?
What are the key fundamental themes driving the FX markets? What technical patterns are solidifying for the majors and global equities markets? How can we adapt our trading psychology to improve our returns? All of these topics are covered in weekly DailyFX Webinars. Find one that interests you and register.
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@JohnKicklighter
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