Interesting opportunity on the USDCAD
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In today’s trading room, we discussed about the unexpected inflation numbers that were released last week. It led to the Dollar strengthening and the stock markets tumbling.
After that news, the market slowed down, as usual, after a huge volatility movement.
Also, Oil continued to drop around the $82 per barrel area. This can lead to an interesting opportunity on the USDCAD after these pairs had a long move up.
This week, we expect the FED to increase the increase rate by 0.75 points. But the market may already price it.
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The post Weekly Forex Analysis Sept 19 – 23, 2022 – Oil in Key Zone Areas and Indices Trying to Retrace appeared first on The5%ers | Funding Traders & Growth Program.
