The big debt conundrum

So, who here is going short USD/CAD in anticipation of next weeks kerfuffle?

Reading the finance news today, it seems that there are "11th hour debt talks" going at at the White House, and a blunt comment, to wit: "Treasury has said it will run out of funds to service the country's debt by Tuesday unless a deal is struck to raise the $14.3 trillion borrowing limit." end quote.

Tons of news, and a comment in another thread by a user named Ninj, who speculated that although the pair went past the .9500 level on Friday, closing at .95 and change, it may not have been a true breakout. He seems to be armed for bear. I also choose not to ride the bull just yet.

As a Noob Trader, I can only speculate that perhaps some American market makers were trying to get the price to go up up up in order to get a bit more profit from any upcoming short trades. Oh well, anything's possible.

Just my 2 pips. Happy Trades!

man yur crazy
heard of crowd psychology..fear creates opportunity where folks like u gonna get killed..

u really think no deal is going to be made?
i suggest u rethink everything..including yur bias

Do you think that the politicians will eventually come to an agreement in the last minute?
I personally believe that the effect of this should be short-term. In fact it's the markets, not rating agencies, will decide about the credibility of TSYS.

i doubt they will default..if they were then they wont be having talks over weekend..and they be relaxed..

i guess what im trying to say..this is about raising debt limit..if that happen market short term i would think would see this as positive, because the currency is protected to some extent..if after nothing changes in economy then id say this is like final nail in coffin

time will tell..but the guy post above is a warning to not blow account on something which isnt really thought out..just a word of caution