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Do you know what gives Institutional Traders higher edge than
ordinary traders? Simple.... They see, and have much data that
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News Trading Today [CA Core CPI 8:30am] Statistics From Forex Insider
Will BOC cut rates further? Current statistics from the Forex Insider Utility Tool shows that 65% (2979 Positions) are short USDCAD, and the same goes for CADJPY with 459 short positions.
The statistic strongly backs up market sentiment for likely rate cuts today due to BOC's previous action that opened the door for further rate cuts. If the actual comes out at 0.8% or higher then BUY CAD or SELL if it comes out at 0.2% or lower.
Forex Insider is FREE. Click here to download: Forex Insider Utility
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