hello,
Time to summarize all the transactions of the past two weeks. From the beginning of July on the blog appeared three recommendations.
The first concerned the opening a long position regaridng EUR/USD at 1.3575 level and in the event of a puncture this level to open short position and of course close long.
Another suggestion however, concerned the USD/CAD, which encouraged to take a long position at current levels then that is 1.0664
In the case of the EUR/USD market in the initial phase directed towards the indicated level but unfortunately several comments from the ECB, and the Draghi's Conference resulted in withdrawal from the euro and the strong U.S. dollar acquisition.
On July 16, the market broke through the levels indicated in the recommendations which resulted in the opening of a short position on EUR/USD at 1.3567 levels
At the moment I expect in the next few days go below 1.35-1.34. But more detail about that in the nearest entry regarding EUR/USD.
Canadian dollar market perfectly realized my analysis. Today appeared by the Bank of Canada report about monetary policy.
Here are the most important issues:
- Bank of Canada keeps interest rates;
- The Bank will remain neutral even with rising inflation;
- It is expected that economic growth this year will reach 2.2% (previously forecast 2.3% growth);
- Increased global reach 2.9% (previous forecast 3.2%);
- For the past two years, inflation should hover around 2%.
Conference President of the Bank of Canada does not bring much to the message of the Bank. Poloz was doves but said nothing significantly new.
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| Summary of trades |
regards,
oscarjp
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