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USD/CAD

  • #4,661
  • Jan 21, 2014 6:00am Jan 21, 2014 6:00am
Quoting Sergii1
{quote} all i can say is good luck with your shorts
Good day to you, kind sir

Appreciate the wishes..


All success to you
  • #4,662
  • Jan 21, 2014 7:04am Jan 21, 2014 7:04am
Quoting Sergii1
{quote} all i can say is good luck with your shorts
Sir,

She will cut you off like a red haired stepchild.

Just saying
  • #4,663
  • Jan 21, 2014 8:06am Jan 21, 2014 8:06am
Quoting TauTrader
Fortunately took profits on last week's trades. Entered short again just now. May be a little early. I believe she is wanting to touch 1.1017 / 1.1018 - we can expect this as resistance then for the short term. I still see us revisiting 1.0820 in the next few weeks. Regards
Attached Image (click to enlarge)
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  • #4,664
  • Jan 21, 2014 8:08am Jan 21, 2014 8:08am
Quoting Sergii1
{quote} all i can say is good luck with your shorts

Still long?
Fix up, trade sharp ...
  • #4,665
  • Jan 21, 2014 9:29am Jan 21, 2014 9:29am
Quoting Hickson
{quote} Still long?

Opened long 1,0974 i see no reason for shorts.
  • #4,666
  • Jan 21, 2014 9:35am Jan 21, 2014 9:35am
Longs still on the spot but we may revisit .0920 before any upside continuation ..
good luck all.
Get Rich or Die Tryin
  • #4,667
  • Jan 21, 2014 1:27pm Jan 21, 2014 1:27pm
January 2nd
By taking a neutral position, the bank implied the rate may eventually go down, if the economy and inflation didn’t begin to pick up pace.
January 7th
“For us, minimizing the risks of making a big mistake here is what we’re trying to do, and that tells us that we should be holding rates where they are until the data flow changes our mind,” Poloz said
Bank of Canada Governor Stephen Poloz said Tuesday (Jan 7th) that Canadian long-term interest rates could rise this summer as the U.S. Federal Reserve continues to scale back its program of buying $85-billion (U.S.) of bonds a month, and that could be good for Canada.
That would lead to an increase in long-term fixed mortgage rates, though the Bank of Canada would not increase its benchmark rate (1%).
Today:
Bombardier is slashing six per cent of its workforce in the Aerospace division. (1,100 are in the Montreal region and 600 are in the U.S.)

Reading some articles here and there, and i have a feeling that tomorrow wont bring any dramatic decisions, tho it's market, everything can happen.
As I see it - BoC is quite happy about lower CAD, helping exporters and manuf. Tho there is some concerns about inflation (or possible disinflation to be exact), household markets, household debt.

I bet there will be no change, BoC will support further CAD$ weakness. Just my two cents.
  • #4,668
  • Jan 21, 2014 11:42pm Jan 21, 2014 11:42pm
Quoting Davit
{quote} I Wondered about this as well. Only logical explanation I can think of is Aussie dollar fall contributed to Cad fall as well since markets tend to box "commodity pairs" together. Notice every time Aussie gains on USD so does the Cad.Notice how far Aussie fell recently and also depreciation of Cad.Perfectly in sink. regards
It's not true dude. If that would be true, then why there is a cross like AUDCAD? All this weakening is because FED started tapering! In my opinion, fundamentally wise, whenever we see a growth in US economy with a delay that affects the CAD economy as well.
  • #4,669
  • Jan 21, 2014 11:53pm Jan 21, 2014 11:53pm
Quoting MrketSniper
Why are people still selling usd/cad. I think it will go up especially after it broke 1.1 and I don't see this pair gonna retrace lower than 1.097.
Because more than %90 have to lose money in this market! I hear that UC will touch 1.3!!!!! How come? IS there any other crisis like 2008 is happening? I think CAD will increase its interest rate shortly. Actually BoC needs to increase its interest rate. If they increased that a few month ago when the rate was around 0.96, now we should trade this pair around 0.9. They needed this weakness in CAD, then when they increase the interest rate, the UC will come back to parity (desired rate for BoC).

Be aware of buying this pair anymore!

Have a good trade!
  • #4,670
  • Jan 22, 2014 2:27am Jan 22, 2014 2:27am
Thats from January 17th of this year, now, what will happen to household debt if rates will rise? Just asking
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  • #4,671
  • Jan 22, 2014 9:07am Jan 22, 2014 9:07am
Let me say it again:

This is going to be a Long story for 84% of you.
$10K Live Account... 3 months investor testing!
  • #4,672
  • Jan 22, 2014 9:08am Jan 22, 2014 9:08am
WTF?!
Fix up, trade sharp ...
  • #4,673
  • Jan 22, 2014 9:09am Jan 22, 2014 9:09am
should we go long here for 10 to 20 pip
  • #4,674
  • Jan 22, 2014 9:10am Jan 22, 2014 9:10am
Quoting Crazy-Trader
Let me say it again: This is going to be a Long story for 84% of you.
CAD terribly weak. Relative strength, the 3rd weakest currency of the major in the past few months. Only other weak currencies, Aussie and the Yen.

Bottom feeders and top callers never do have long life span in the game, follow the trend.
Trade what you see, not what you think!
  • #4,675
  • Jan 22, 2014 9:11am Jan 22, 2014 9:11am
How high can we get?
Fix up, trade sharp ...
  • #4,676
  • Jan 22, 2014 9:11am Jan 22, 2014 9:11am
Quoting Razi89
should we go long here for 10 to 20 pip
No......
Trade what you see, not what you think!
  • #4,677
  • Jan 22, 2014 9:12am Jan 22, 2014 9:12am
Quoting OMGtrader
{quote} No......

thanks. ok
  • #4,678
  • Jan 22, 2014 9:26am Jan 22, 2014 9:26am
Quoting Razi89
{quote} thanks. ok
I think they want to push it towards 1.124-5 before any retracement
  • #4,679
  • Jan 22, 2014 9:43am Jan 22, 2014 9:43am
This pair is insane. Almost 100 pips.
  • #4,680
  • Jan 22, 2014 9:50am Jan 22, 2014 9:50am
Quoting Ken A
{quote} Why not?
waiting for a retracement, then long again.
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