From all the commodity currencies, I expect the CAD to be highly impacted by a hawkish Fed at tonight's meeting, because of wider IR spreads and the fact that the market has not fully priced in the possibility of a rate cut of the BoC and the risk of a border tax with Canada.
I expect to fill the gap in the dark green sphere. Take first profit 75% at 1.3200, let 25% for 1.3385.
If the Fed implies that every meeting is live, and the probability for a rate hike in march increases, start rebuilding positions on every pullback. The ADP Non-farm employment change might indicate a positive NFP on Friday.
I expect to fill the gap in the dark green sphere. Take first profit 75% at 1.3200, let 25% for 1.3385.
If the Fed implies that every meeting is live, and the probability for a rate hike in march increases, start rebuilding positions on every pullback. The ADP Non-farm employment change might indicate a positive NFP on Friday.