USDCAD ----> 1.16

CAD with gold and oil technical breakdowns, no room but a bull run in usd/cad.

Position traders can enter at 1.1250, bottom of trend channel and support.

The cheaper the better...

Yours truly,
an industrious canadian...

The looney is looney, wierd price action tends to fade moves in other pairs.

As much as I'm for a cheaper loonie(for the sake of most cad business and continued growth and prosperity etc... etc..)

1.1500 looks a justifiable ceiling. tp1 @ 1.1390 tp 2 @ 1.1450...

later

Hey is your yahoo messenger working mines not able to connect, my mail account is caput too. Hope noone is hijacking it. =)

Anyone else who wants in on the yahoo messenger circle of friends, give me a pm. I will add you to my list. We usually bounce off ideas during trading hours.

yeppers my yahoo seems done too...

change to msn...

later

Shouldnt the USDCAD drop since you are predicting a meteoric rise for the GBPUSD and EURUSD?

It will be interesting battle for sure.

CAD correlates with commodities. GOLD/OIL/COPPER/ALUMINUM weakness bets on CAD weakness.

however do u really think that there is gonna be such a thing as low oil in the coming days????? mmmm...noT.... i dont think so....so high oil prices means (under normal market conditions, cause thses past few weeks the market is nothing but normal) high canadian dollar...so we gotta wait and see....i do beleive that with dovish comments of BOC regarding further hikes, and such poor CPI on Friday, and plus the prospect of pausing by the FED all will drive loonie to a loonie loosing week.....

deflation trade at work. CAD will continue its weakness.