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Trading Plan for February 8

By:
FBS
Updated: Feb 11, 2019, 08:36 UTC

The Canadian dollar is under the pressure because of the sliding oil prices. Mr. Trump said that isn't going to meet with the Chinese President before March 1. More uncertainties around the trade deal, more negative the market sentiment, more pressure on the risky assets, such as oil.

Trading Plan for February 8

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The Canadian dollar is under the pressure because of the sliding oil prices. Mr. Trump said that isn’t going to meet with the Chinese President before March 1. More uncertainties around the trade deal, more negative the market sentiment, more pressure on the risky assets, such as oil. For today, we anticipate the jobs data from Canada. Forecasts are weak, however, the actual data may change the situation.

Let’s check how to trade USD/CAD and CAD/JPY:

About the Author

FBScontributor

FBS is an international broker with more than 190 countries of presence. FBS organizes seminars and special events, providing its clients with training materials, cutting-edge trading technologies and the latest strategies in the Forex market.

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