DislikedHi red, I appreciate your advice. I may very well have to vary my involvement.
USD/CAD used to have 100-120 pip daily range not so long ago, in 2010.
I believe that a number of factors has caused this pair to be pretty much a flat line with the occasional hiccup. I sincerely believe that this type of low range is what's in store for all pairs in the near future. I believe that with interest rates bottoming, and central banks seeking currency stability; they are slowly killing the FX market industry. Could we possibly be heading towards pegged...Ignored
having said that, i think we are in strange times. its impossible to comment on whether or not pegs are the future. however, one thing i do know is that there is always a new crisis emerging. i also know that a free market is what drives buyers and sellers. without that, we are just global communists working for government subsidies. i certainly hope that does not even up being the case in the end
Any prices quoted are futures