Trump announced 25% tariffs on auto imports overnight and warned Europe of further tariffs should they work with Canada against the US which once again further highlights the tensions between US-CA at the moment. Whilist the market is largely ignoring the tariffs this morning I do think that is because of the more positive sentiment around Europe right now and don't believe the same will apply if Trump goes hard on Canada on April 2ndso stay long of USDCAD/EURCAD for now. Not much on the data calendar for Canada today with focus turning to the GDP print tomorrow. Flow wise we saw demand for USDCAD yesterday, mainly from HFs accounts.
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1. AccuTrade System:
tradingview.com/v/yDFPnb1J/
2. Signal Performance:
thedailyfx.com/performance/
3. We provide Free TradingView Premium and Essential Membership.
tradingview.com/v/yDFPnb1J/
2. Signal Performance:
thedailyfx.com/performance/
3. We provide Free TradingView Premium and Essential Membership.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.