Hi, traders
Its quite a while since I have posted my trade idea or put a step forward in learning process, but all in while I was quite busy mailing replies with whatever 2-3 hours I give to trading and look after for trade Ideas for my own personal motives.
However, It was quite a volatile week for Usd/Cad and also for Crude Oil, which I thinks pushing panic buttons among traders to rush for their own trades and close it too early or too late, But it is the truth of global market, that whatever happens there is always a risk that carries the trend and reverse them on larger scale.
Let's take a look at few of the pairs that Offers unique trading opportunities in next week for scalping or even for swing trading point of view.
Whether, it is Jpy Sunami which weaken the yen most in two decades, Chinese Growth and Aussie Mines which weaken the Gold most in two decades, Or Now Curde-Oil which weakens the Canadian dollar to significantly and Volatile one and that is why I look for trades in most volatile pair and One I took on usd/cad on Friday from 1.3840 level and still holding and looking for much more in the days to come .
Download My Favorite Trading Strategies here
As I continue to speak off and wind off the weak and I would like to tell that further weakness in crude will put tremendous pressure on world and global equities, as cheap oil won't put a lot of faith in stocks holders that Economies like Canada and America would be able to survive and this panic will surely put pressure on Fed and other banks to put pressure on OPEC to cut supplies for further rise in price and supply cut would surely put pressure on crude as well and it all depends on type of situation we are in, as I am never in favor of supply cut as there are other suppliers like Iran inching towards their part of supplies in world oil Market.
