In this video I show you guys how I was able to get in for a sell on CAD/JPY from BoC news data
Today the BoC did another rate cut of 25 bps. This was their 3rd rate cut in a row. With inflation still not at the 2% mark, unemployment being high, and inflation being high in other areas within their economy, this is what’s going to lead them to doing further rate cuts. At the end of the day anything can happen but this was a high probability setup to me
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Disclaimer: The content on this YouTube channel is for informational and educational purposes only. It is not financial advice. Trading forex carries a high level of risk and may not be suitable for all investors. Always do your own research and consult with a licensed financial advisor before making any trading decisions.
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