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Today's EA performance we will share results real soon stay tuned 😎😎✅
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EURCHF SELL @ 0.93361
🔹TP - 0.93027
🔸SL - 0.93585
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EURJPY SELL @ 158.555
🔹TP - 157.168
🔸SL - 159.340
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AUDUSD SELL @ 0.64865
🔹TP - 0.64147
🔸SL - 0.65332
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GOLD BUY @ 2424.260
🔹TP - 2458.380
🔸SL - 2409.500
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GOLD BUY @ 2424.260
🔹TP - 2458.380
🔸SL - 2409.500
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EURJPY SELL Limit @156.629
🔹TP - 155.033
🔸SL - 157.776
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🚀USD/CAD pushes higher as brent crude extends decline to $3🚀
The commodity currencies are in an interesting spot right now.
The US dollar is falling on a few fronts because the market is re-thinking the path of Fed funds. But they're re-thinking it due to slower growth and inflation.
Rates are also relatively high in the commodity block, currently at:
4.50% in Canada
4.35% in Australia
5.50% in New Zealand
The question is: If the Fed begins cutting aggressively, will those other central banks match them cut-for-cut?
In the case of Canada, I think that argument is particularly compelling. Rates are biting hard in Canada and the housing market is floundering; the BOC has already lowered rates by 50 bps and I could see the case for getting to 2% in a hurry.
There are also the knock-on effects to things like commodity and today's $3 drop in brent crude highlights risks for commodity producers.
