Thursday 15 March 2012

USD/CAD: Daily Pivot and Good News

I took a trade with USD/CAD this morning (BUY) thinking that the price will coninue to go up after a bounce off the Daily Pivot Line, and from the good news:

Unemployment Claims (Current: 351, Forecast: 357, Previous: 362)
Core PPI (Current: 0.2%, Forecast: 0.2%, Previous: 0.4%)
Empire State Manufacturing Index (Current: 20.2, Forecast: 17.6, Previous: 19.5)