PipsMatter

PipsMatter Updated 

After today's gaps (USDJPY already over 1% in gains) I don't see much movement coming in tonight's session, perhaps 15 to 30 pips to the upside from the level of the time of writing. The big news comes on Thursday morning (Europe time) with the BoJ Monetary Policy meeting, I will release my predictions for this event on Wednesday by 18:00 GMT. The Long Trade ...

PipsMatter Updated 

Since the gaps yesterday the markets have been, as Trump says, a mess. But they will go back to normal in todays and tomorrows trading sessions. The 3 Lower Lows pattern This pattern has served as benchmark for quick moves to the upside and I strongly believe that history will repeat itself which will cause CADCHF to head higher, by about 50 pips, in todays...

PipsMatter Updated 

The Canadian Dollar is currently at strong resistances against the USD and EUR. CAD has recently taken a beating against most of its counterparts, that beating started after the BoC meeting earlier this month. REASONS FOR STRONG CAD The strength would come from fundamentals as I expect/believe that today's Core Retail Sales will come out rather positive...

PipsMatter

As per my previous post, I strongly believe that the USD will head higher, since Trump got elected as the 45th president of the USA the CAD has been following the USD. Aside from this basic reason, the Canadian economy is in great shape (at least for now). On Wednesday the Retail Sales coming out from Canada will support the CAD but till then I expect this pair...