USDCAD short Long term trade
Potential long term short setup for USDCAD
FEDs hawkish tone has Kept USD strong however large divide in committee will likely shift towards the dovish side as global and domestic conditions worsen further. Lots of data coming out for the US next week which will foreshadow the Feds next move.
Keeping eye on :
USD
TUE- ISM Manufacturing PMI
WED- ADP Non-Farm Employment Change
THU- ISM Non-Manufacturing PMI
FRI - Average Hourly Earnings m/m
FRI - Non-Farm Employment Change
FRI - Unemployment Rate
FRI - Fed Chair Powell Speaks
10-11 OCT US China trade talks
Tp 1.300
FEDs hawkish tone has Kept USD strong however large divide in committee will likely shift towards the dovish side as global and domestic conditions worsen further. Lots of data coming out for the US next week which will foreshadow the Feds next move.
Keeping eye on :
USD
TUE- ISM Manufacturing PMI
WED- ADP Non-Farm Employment Change
THU- ISM Non-Manufacturing PMI
FRI - Average Hourly Earnings m/m
FRI - Non-Farm Employment Change
FRI - Unemployment Rate
FRI - Fed Chair Powell Speaks
10-11 OCT US China trade talks
Tp 1.300
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