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BK – USD/CAD Target hit for +37 on each lot +74 on trade
9/18/2015 BK – USD/CAD Second Entry TRIGGERED. We now have an average entry price of 1.3252 with a Stop for ALL at 1.3540
Place Order to Sell 1 Lot USD/CAD at 1.3167
Place Order to Sell1 More at 1.3337
Stop for ALL 1.3540
We are reloading our short USD/CAD orders. The Federal Reserve left interest rates unchanged today, citing uncertainty abroad and slightly softer inflation, which is bearish for the U.S. dollar but as Yellen indicated, recent developments have not fundamentally altered their outlook for the U.S. economy. She said every meeting is a live meeting and an unscheduled press conference could be held in October if needed. We don’t believe that will happen but December remains a strong possibility for a hike. We like selling USD/CAD in the near term because the lack of a rate hike could cause additional weakness in the dollar and lift oil prices.