Share: USD/CAD refreshes day low as higher oil prices strengthen the Canadian Dollar. Canadian Retail Sales report indicates that automobile demand remained weak. The US Dollar turned soft due to neutral guidance from Fed Powell. The USD/CAD pair faces selling pressure after a less-confident pullback move to near the round-level resistance of 1.3700
Before we get into October, let’s take a look back at how the seasonals did in September. At the end of August, I highlighted some trends in the month, including weakness in the S&P 500 and MSCI world index. Ultimately, both stuck to the seasonal script. Another one I highlighted was yen weakness (USD/JPY rose
Trading is a game of probabilities. It is all about who gets to win bigger gains compared to the losses, or who gets to win more often rather than losing. Traders call the former as the risk-reward ratio, and the second one as the win rate. Traders who could statistically get a good mix or
