The Canadian unemployment data is coming up today
All over the world jobs have been bad - think of the last NFP data release, last Friday in the US
If Canadian data release is in line with this trend, then we could see CAD in trouble
To maximize the trade I will start selling Cad/Chf, which is relatively cheap pair,
but still has the potential to move,
Nzd/Cad seems a canditate too, as does Aud/Cad -- these pairs are strong at the moment,
I will buy these
All over the world jobs have been bad - think of the last NFP data release, last Friday in the US
If Canadian data release is in line with this trend, then we could see CAD in trouble
To maximize the trade I will start selling Cad/Chf, which is relatively cheap pair,
but still has the potential to move,
Nzd/Cad seems a canditate too, as does Aud/Cad -- these pairs are strong at the moment,
I will buy these