CDN Dollar – look for a big reaction

Posted by John Ross Crooks lll - Black Swan Capital

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“Many men go fishing all of their lives without knowing that it is not fish they are after.”  – Henry David Thoreau

FX Trading – Targeting the Canadian Dollar Today  

Waiting on the trade balance for Canada, eh? Well, at 8:30 EST we’ll get Canadian
capacity utilization, import and export figures and the trade balance.

The consensus is expecting an improvement on all counts. And though imports and exports are expected to pretty much offset each other, the gains from the prior period are expected to favor exports.

Regardless of today’s reaction – up or down – of the Canadian dollar, it’s likely to be a big reaction.

….read more HERE