Canadian data has made things tough for my BOC trade

Canadian data has made things tough for my BOC trade

Trade update on my USDCAD shorts ahead of the BOC Last week I started shorting USDCAD. My plan was going swimmingly until the Canadian CPI data. Scaling into USDCAD shorts in anticipation of today’s meeting was looking good on Friday as it traded around 1.3030...
Time for a BOC short build in USDCAD?

Time for a BOC short build in USDCAD?

I’m entering a trade with a view of running it into the BOC I’ve been eyeing a short USDCAD strategy into the BOC for the best part of October so far. What’s held me back is that I didn’t want to have a big gap between entering and the BOC but...

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