Thread: Type of interest of the DAC

Maybe I should wait for technical confirmation before entering.

Either that or you can eat a 50-pipe jolt in a couple of seconds.

Don't forget that the real movement usually comes after the first impulse.

I'm testing demo with delayed entries after initial reaction, looking for stability in the post-news direction.

Just keep in mind that in pairs like USD/CAD, spread can be brutally opened up with news.

And watch out for oil. If you're operating CAD, don't ignore the WTI. They're super correlated.

I'm going to check on how the WTI has behaved in the last few days.

If the crude falls, that's bassist for the CAD, and hence bullish for USD/CAD.

Some believe that only the data of interest matters, but the reaction of the dollar also depends on the global context.

Do you think a change in the BoC tone affects more than the data itself?