USD/CAD: Selling post BoC-inspired gains [Video]
|In today's TradeGATEHub Live Trading session, Coach Dale discusses strategic opportunities in trading the USDCAD pair, particularly advising to sell on strength following the Bank of Canada (BOC) announcement. He explains the potential for a quick short squeeze if the BOC decides against a rate cut. Additionally, Dale explores an alternate scenario for the DXY, depending on the outcome of a stronger-than-expected Non-Farm Payroll (NFP) report. He also delves into the significance of the 10-year Treasury yield reaching 4.30%, discussing its historical context. This session offers targeted strategies for traders looking to navigate these pivotal economic events.
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