BK – New USD/CAD Big Trade Orders +73

Close USDCAD market 1.3185

BK -- USD/CAD Big Trade Order at 1.3112 TRIGGERED


New USD/CAD Order

Place Order to Buy 1 lot USD/CAD at 1.3112

Place Order to Buy 1 More lot at 1.2910

Stop for ALL at 1.2740

We are bullish US dollars, bearish Canadian dollars and today’s labor market reports only harden our view that USD/CAD will test 1.35. U.S. non-farm payrolls was not only good but good enough to keep September tightening on the table. 215K jobs were created in July which was just shy of expectations but if you include the upward revision to the last month’s report along with the steady unemployment rate and uptick in earnings, this was a solid release. Up North Canadian job growth beat expectations but all of the work was part time and the participation rate fell sharply. Between labor market weakness and lower oil prices, CAD should be trading lower


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