Long Loonie at 1.2500 $USD $CAD #BoC #forex
Canadian Dollar devalues as long as Oil dropping and US Dollar strengths.
So I see no reason to short Lonnie exact the opposite. Long positions are welcome.
Other facts to mention Canadian jobless rate dropping to 6.6 % in January 2015 from 6.7%. But Consumer prices in Canada dropping too 1.5 percent year-on-year in December tradingeconomics.com/canada/inflation-cpi and in January 2015 only 0.7% are expected a further drop.
A good area for longs is between 1.25-1.245.
TP 1.28 (maybe more possible)
SL 1.224
Watch out for big news next week.
BoC Speech
Core Consumer Price Index (CPI)
So I see no reason to short Lonnie exact the opposite. Long positions are welcome.
Other facts to mention Canadian jobless rate dropping to 6.6 % in January 2015 from 6.7%. But Consumer prices in Canada dropping too 1.5 percent year-on-year in December tradingeconomics.com/canada/inflation-cpi and in January 2015 only 0.7% are expected a further drop.
A good area for longs is between 1.25-1.245.
TP 1.28 (maybe more possible)
SL 1.224
Watch out for big news next week.
BoC Speech
Core Consumer Price Index (CPI)
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