cashbackforex
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Today get the US Advanced GDP q/q estimated to be 2.6%, down from 3% in the previous quarter. This report is another reason to be cautious, but it is a report that may generate some opportunities.
Longer term we wish to be short the yen, but perhaps the C$ might not be a more attractive place for the long side of the pair. The CADJPY did have a move earlier this year from 75 to a bit shy of the 85 handle, and has since backed off to almost 80 before a small rally. Currently we are at 82.10. Should today's volatility give us a chance, we are inclined to try the long side in the 81.40/81.70 area.
Longer term we wish to be short the yen, but perhaps the C$ might not be a more attractive place for the long side of the pair. The CADJPY did have a move earlier this year from 75 to a bit shy of the 85 handle, and has since backed off to almost 80 before a small rally. Currently we are at 82.10. Should today's volatility give us a chance, we are inclined to try the long side in the 81.40/81.70 area.
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