DislikedHogwash analyses.
"The only reasons the USD/CAD will turn bullish is surprise global crisis "
Just wait next week PA will climb back to 99.
You assume markets respond in solid economics funds etc.Not always.Euro is on life support supported by 2 countries basically France and Germany and yet its gaining despite of fundamentals economics etc.
PA hit 90 in 2007 in severe circumstances. Things are improving and getting better.
You go ahead short the Cad but I am buying back to 99 and higher.Ignored
While I can appreciate differing opinions, I do not follow your reasoning behind going long. Is it a technical analysis that "it HAS to go back to .99"? I'm not saying it can't retrace back to .9900, but I can't afford to ride it down to .95 first...
I agree with you that I believe things are improving in the US. ~75% of Canadian exports are delivered to the US... I fail to see how increasing demand of CDN exports would be negative for the loonie...?
I guess I'm looking for clarification why the USD would gain against the CAD, assuming the US continues to slowly improve, EU continues to sputter along, and China continues to grow albeit at a slower pace.
Also, my overall medium term sentiment is short USD/CAD and long CAD across most pairs.