1
IRby u/iyer_rahul·7hDiscussion

Watching CAD after yesterday's jobs numbers

Seems like the CAD is finding a bit of a bid after the latest employment figures, which were stronger than expected. You see it in pairs like $NZDCAD, which is down slightly today after hitting a high of 0.8186 yesterday. I'm keeping an eye on whether this is just a knee-jerk reaction or if there's more follow-through. With rate cut expectations possibly being dialed back a bit for BOC, it changes the short-term dynamics for CAD crosses.

Still not convinced we're out of the woods globally, but relative strength matters. It's making me reconsider some of my prior assumptions for trades involving the Loonie. Not ready to jump in on anything aggressive, but definitely adjusting my mental stops and potential entry points on some pairs where CAD is on one side.

1 comments · 1 points

1 Comments

RIu/reddy_ishaan·5h

Good point about the BOC. If the job numbers keep coming in hot, it's hard to see them cutting rates anytime soon, which definitely supports CAD. I'm curious to see how long this strength holds.

1

More like this