💥💣 BOOM this is huge. You know how I always say the 📰 media is there to help facilitate the trades of the 🐳's, 🏦's and OLD 💰 MONEY? Well have a look at this...
$USDCAD - we've told members that we expected a drop on the chart (CAD strength) because of profit taking. What would they need to offload their positions? They need retail to think it's a good time for CAD weakness and look what 😈📰 Bloomberg writes:
"A softening outlook for Canada’s economy, in part because of a recent slump in oil, is underpinning the gloomy mood. The country unexpectedly lost jobs in July, leaving the unemployment rate the highest in more than two years. Inflation, meanwhile, has cooled to the slowest since 2021, cementing bets that the Bank of Canada is set to ease for a third straight meeting. That would come before the Federal Reserve delivers the first of its expected interest-rate cuts, later in September."
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