Long GBP/CAD trade (from 28 Sep to 2-Oct)
This trade was stopped out on 2-Oct
Real Time AmpGFX – bought GBP/CAD (Thu 9/28/2017 1:00 PM MDT)
Bought half unit GBP/CAD at 1.6707
Comment
Poloz backed away from hikes yesterday and is more data dependent, watching and waiting, suggesting hikes unlikely on 25 Oct and now less likely again this year.
Canadian CFIB Business Barometer fell in Sep to a low since Apr-2016, reversing all gains earlier this year to its peak in May. Housing market growth has also slowed and unwound strength earlier in the year.
GBP seems to have built in a lot of the Brexit risk. The BoE is likely to hike next.
Note that we were stopped on our short EUR/USD trade earlier today (in profit).
Positions
Short one unit NZD/USD at 0.7227, s/l 0.7263; t/p 0.7005
Long half unit GBP/JPY at 150.81; s/l 149.67; t/p 159.55
Long half unit USD/JPY at 113.08; s/l 112.23; t/p 117.45
Long half unit GBP/CAD at 1.6707; s/l 1.6593; t/p 1.6945