Hi, Thanks again for your sharing.
Given the COT reprt is based on last weeks data, Tuesday, and we have subsequantly had the surprise NFP result which has no doubt pushed back interest rates cuts.
Do you think that this weeks report may change dramaticallly next week? Looking at USDCAD , its been sitting in a triangle channell for some time with potential for a break either way. Most sentiment has been for a falling USD, hense bias to short. But this will surely have changed now and
this fridays report may show a different picture and trading short USDCAD (other than for a retrace) may be dangerous.
Interested in your thoughts.
thanks
Given the COT reprt is based on last weeks data, Tuesday, and we have subsequantly had the surprise NFP result which has no doubt pushed back interest rates cuts.
Do you think that this weeks report may change dramaticallly next week? Looking at USDCAD , its been sitting in a triangle channell for some time with potential for a break either way. Most sentiment has been for a falling USD, hense bias to short. But this will surely have changed now and
this fridays report may show a different picture and trading short USDCAD (other than for a retrace) may be dangerous.
Interested in your thoughts.
thanks
its all just one persons opinion....