The micro-mis-managers of the Loonie today signaled that they'll be raising interest rates, and traders are taking the opportunity to bid up the CAD. The Canadian currency has risen over parity with its beleaguered southern counterpart once again. Let's see if it can stay there. I am no fan of fiat currency in general, but I will say that the Loonie is a somewhat less deeply flawed currency than is the US Dollar.
Seditious musings aside, let's look at how this turn of events has affected the account equity...
As of last week, we were short the EUR/CAD at 1.3643. It was only about 19 pips from being stopped out yesterday morning, but is now sporting 215 pips in profit. Nice!
Two additional trades have triggered since the last update, and both are doing well...
Long 715 AUD/USD at 0.9238 with stoploss at 0.9182
Long 551 USD/JPY at 92.60 with stoploss at 91.87
Also, the long USD/CHF trade was stopped out at 1.0627 for a loss of -$1.93 or -2.53%.
So far, things are looking pretty good... which is always subject to change.
Current account equity: $92.32
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