#GBPCAD #fundamental view Long Position #forex
I see a good opportunity to long GBPCAD at 2.000.
Despite the slightly below expectations in growth in UK and EU. Unemployment in Britain decreased to 5.4%, down from 5.5 percent in the previous period and the lowest since March to May of 2008. Also the trade gap in goods and services decreased to £3.3b in August 2015 from an upwardly revised £4.4. On the other side i'm bullish on USDCAD which is in correlation to oil. Canada's GDP growth forecasts were revised downwards and unemployment rate edged up to 7.1% in September.
Despite the slightly below expectations in growth in UK and EU. Unemployment in Britain decreased to 5.4%, down from 5.5 percent in the previous period and the lowest since March to May of 2008. Also the trade gap in goods and services decreased to £3.3b in August 2015 from an upwardly revised £4.4. On the other side i'm bullish on USDCAD which is in correlation to oil. Canada's GDP growth forecasts were revised downwards and unemployment rate edged up to 7.1% in September.
