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Rknigh2 commented Nov 19, 2012Since I like to poke the bear... Sounds like WTC Tower 7 again. Even the $40 safe in my house is water proof.
Billions in bearer bonds could be lost due to Hurricane Sandy
- Rknigh2 replied Nov 10, 2012
That short term rising wedge specifically. But I have the same areas noted as major resistance too. The positive US and CDN trade numbers made me a bit nervous. Also now China has had a positive surprise too... Could see a move down under parity ...
USD/CAD
- Rknigh2 replied Nov 9, 2012
That was a great set up. I was in a little early yesterday at .9970, but that rising wedge couldn't have played out any better. I was anticipating a break of the 1.0020 high and had my TP set at 1.0050. So I missed the take profit at 1.0021. Holding ...
USD/CAD
- Rknigh2 commented Nov 8, 2012
Toronto has always been the exception to the housing market. Also, it's not collapsing, it's bubbling. That being said, I'd love to have the cash available if the bubble pops. Considering the rate at which the prices have been rising, I'd say there ...
Canadian international merchandise trade, September 2012
- Rknigh2 commented Nov 8, 2012
It was mostly due to consumer products and consumer related materials. It's a surprise, but not unbelievable. This is far more positive IMO than manufacturing exports.
Trade Deficit in U.S. Unexpectedly Narrows on Record Exports
- Rknigh2 commented Nov 8, 2012
Pretty sizable beats on both CDN and US trade numbers... and almost zero price movement. Risk-sentiment clearly depressed. Could be a rough day for equities and USD gains while they risk-off. That being said, short U/C here probably has better R:R.
Canadian international merchandise trade, September 2012
- Rknigh2 commented Nov 8, 2012
I definitely think we could see a 2010 repeat. However, as an outsider looking in, Obama has a bit less pressure to appease lobbyists/voters now. As an outsider looking in, it will say a lot of Obama if he refuses to kick the can for 2 years. Time ...
Why the U.S. won't careen over the fiscal cliff
- Rknigh2 commented Nov 7, 2012
Correct me if I'm wrong... But if the House does not accept the President's proposal, isn't it more likely to see the tax cuts expire (therefore increasing the national revenue) and leave the president a blank slate? Considering the US recovery ...
Why the U.S. won't careen over the fiscal cliff
- Rknigh2 replied Nov 7, 2012
Well I jumped the gun and added at .9930. Then they announced the Obama projection and added the other half at .9900. TP got hit at .9965, so a nice 50 pip day. Agreed, very headline oriented I am expecting. I would speculate a slight edge in long ...
USD/CAD
- Rknigh2 commented Nov 2, 2012
After the initial financial crisis, I see a pretty obvious down trend on the unemployment numbers... what am I missing? Are americans unhappy because it's not improving fast enough? I look at the 8 years prior and the republican plan that helped get ...
Payrolls in U.S. Rise More Than Forecast; Jobless Rate Climbs
- Rknigh2 commented Nov 2, 2012
CAD strength is generally more of a north american risk-on trade the past few years. Although the Canadian stability appears to have caused an increase in capital flow since the spring.
Canadian Labour Force Survey, October 2012
- Rknigh2 commented Nov 2, 2012
Because I have 10 min til market open, I'd like to take this moment to troll about...
U.S. adds 171,000 jobs, unemployment 7.9%
- Rknigh2 replied Nov 2, 2012
Geographic north?
USD/CAD
I'll add longs again at .9910 to .9850... depending on how long it takes to get there.
- Rknigh2 replied Nov 2, 2012
I wish trading the news was always that easy! Love the spinning top at the 50.0 Fib level. image We're still in the medium term bull channel. Important levels being the familiar .9900 zone (and middle of channel) as well as the tough .9850 S/R ...
USD/CAD
- Rknigh2 commented Nov 2, 2012
Great risk-on trade (short USD). The confusion let me get in a bit late on the nice retrace, 20 pips and climbing now. Should be a good day for equities. Strange energy and gold prices though... good spots for longs with small SL's (great R:R)
U.S. adds 171,000 jobs, unemployment 7.9%
- Rknigh2 commented Oct 31, 2012
ran into some resistance at 1.0010. I'd look for some consolidation and then a push to 1.0030. Otherwise we may see a dip back under 1.000
Canada Gross Domestic Product by Industry, August 2012
- Rknigh2 commented Oct 24, 2012
So... they can screw around for 2 more years? Hmmm, Euro positive?
Greece to be Given Two Extra Years on Budget Targets, Says Draft MOU Seen by WSJ
- Rknigh2 commented Oct 23, 2012
What I mean by demand is primarily increases in manufacturing orders which lags less than actual export numbers. Capital flow accompanied by increasing manufacturing orders and (more speculatively) increasing US home/auto/retail numbers paint a more ...
Bank of Canada maintains overnight rate target at 1 per cent
- Rknigh2 commented Oct 23, 2012
Baseless analyses are baseless. The reason CAD has gained so much is because of the bottoming/recovering US housing, manufacturing, and retail. 75% of CDN exports go to the US. So there is an increased demand for CDN products AND the USD is being ...
Bank of Canada maintains overnight rate target at 1 per cent