An interesting move at an interesting time could bring a quick trade
What do I like?
I like quick trading opportunities where a data point can kick a trend out of sync.
The USD is broadly stronger on the back of Rosengren's comments and we've got the Canadian data in a few minutes. With the US dollar looking well bid, a good number from Canada could sink USDCAD giving the chance of a fade when the USD side of this trend takes over.
Beware that if it's a monster good number we might need to let it play out a bit more. I'll be judging the overall dollar moves across the board before pulling the trigger. A dip down to 1.2910 would be the first place I'd look for an entry. I'll be keeping it fairly tight.
