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EUR/CAD - Long Set Up As ECB Signals Rate Hikes Are ComingThe EURO is likely to strengthen against the Canadian Dollar as the European Central Bank signals interest rates are going up in July and September, to move the overnight cash rate from -0.50% to 0.00%. The reason the EURO will strengthen is down to the fact that interest rate differentials will narrow from the market's previous expectation, so investors who are short EUR/CAD will likely look to cash in on the carry trade as it's now hit its peak unless the Bank of Canada goes further then markets expect with rate hikes. Oil prices are also a bullish beneficiary to the Canadian dollar, but Oil looks to have peaked since it hit $130.00 on March 8th 2022.
Long
by KayansMarkets
BITCOIN Good or Bad News?Happy Monday Everyone! 😃 Thanks for stopping by for another BTC update! This time I look at the Bitcoin charts on multile TFs, but also at some very influencial geo political news concerning the Russia/Ukraine conflict, and finally news from the Feds about the future of the interest rates. I would also like to send well wishes to anyone that is affected by the terrible situation in and around the Ukraine. 🙏 Charts from the Video: 4H: 1 Day: 1 Week: 1 Month: Make sure to also keep an eye on the news and other markets! Credit for news sources: Al Jazeera: www.aljazeera.com The New York Times: www.nytimes.com Market Watch: www.marketwatch.com THANK YOU for your time ! Like 👍 = 😃 Comment 📜 = 😁 Happy Trading ✌♥📈
by BitcoinEasyIO