trying a long here on AUDCAD short term, perhaps a day or two.
BoC hiked by only 50bps, market was expecting just short of 75bps. Market was sort of expecting a dovish BoC but not quite this much - i think this affects yields going forward and lower yields should mean risk assets higher and AUDCAD higher.
stop is just below the level before the BoC decision, if this is right then we shouldn't go below this level.
Not trading/investment advise, feedback welcome!
BoC hiked by only 50bps, market was expecting just short of 75bps. Market was sort of expecting a dovish BoC but not quite this much - i think this affects yields going forward and lower yields should mean risk assets higher and AUDCAD higher.
stop is just below the level before the BoC decision, if this is right then we shouldn't go below this level.
Not trading/investment advise, feedback welcome!
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taken this out at breakeven