The USD was very strong today in a uniform move versus the majors.
There were a number of economic news releases and the DXY continued its ascent.
I continue to find trades in the active USDCAD and CAD crosses. A long was taken in the USDCAD today risking 23 pips for a potential 59 pips to our daily target at 1.2779.
The trade today ran up to the 1.2750 mid-figure where it had difficulty closing above. As the end of U.K. session drew nearer, we closed the trade at this level… content to take the profit.
It’s noteworthy to see the US 10 year yield above 1.50% once again. Keep an eye on the 1.70% area for further impact on equities.
The economic calendar for Thursday and Friday is a busy one and potentially volatile as a result, but NFP will not be released until October 8th.
Good luck with your trading!
