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Short EUR/CAD (From 12-Sep to 14-Sep)

We were stopped out of a short EUR/CAD position on a move through our stop loss at 1.5223, executed at 1.52252 on Friday (14-Sep).

Real-Time AmpGFX – Sold EUR/CAD (Wed 9/12/2018 9:54 AM MT)

Sold one unit EUR/CAD at 1.5117

Comment

We still see positive movements on a US-Canada trade deal.

Reports that the US are reapproaching China will only help expectations of a deal with Canada.

Some reports today suggest that the ECB will lower its growth forecasts somewhat in the ECB meeting tomorrow.

Strength in the US economy should continue to support the Canadian economy more than most.

We have decided to switch our long CAD position to a position against EUR.  (After closing the long NZD/CAD position earlier).

Positions

Short one unit of EUR/CAD at 1.5117; s/l 1.5223; t/p 1.4823  (Capital at Risk 0.72%)

 



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Greg Gibbs,
Founder, Analyst and PM
Amplifying Global FX Capital Pty Ltd