Trading Room

Weekly Forex Analysis Sept 19 – 23, 2022 – Oil in Key Zone Areas and Indices Trying to Retrace

September 19, 2022 | 5:19 pm | The 5%ers' Blog > Trading Room
September 19, 2022 | 5:19 pm
The 5%ers' Blog > Trading Room
Weekly Forex Analysis Sept 19 – 23, 2022 – Oil in Key Zone Areas and Indices Trying to Retrace

Interesting opportunity on the USDCAD

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In the trading rooms, we will all interact, scan and analyze the markets, trade, ask questions to each other, and share market visions and trading opportunities.

 

In today’s trading room, we discussed about the unexpected inflation numbers that were released last week. It led to the Dollar strengthening and the stock markets tumbling.

After that news, the market slowed down, as usual, after a huge volatility movement.

Also, Oil continued to drop around the $82 per barrel area. This can lead to an interesting opportunity on the USDCAD after these pairs had a long move up.

This week, we expect the FED to increase the increase rate by 0.75 points. But the market may already price it.

 

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