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USD/CAD

  • #8,941
  • Jan 17, 2016 12:26pm Jan 17, 2016 12:26pm
Quoting Darkforce
Meanwhile, over the weekend, USDCAD already hit 1.46, and what's next? This bloody monster just gets more nutty {image}
And in a blink of eye, it hits 1.465
Attached Image (click to enlarge)
Click to Enlarge Name: 2016-01-17_192543.jpg Size: 59 KB
  • #8,942
  • Jan 17, 2016 12:35pm Jan 17, 2016 12:35pm
Quoting Darkforce
{quote} And in a blink of eye, it hits 1.465 {image}
Hi - I am very new to this.
I bought just before the weekend started at 1.4527, but this update did not show up in my Pulse500 application. Is this normal? When should I expect this to update?
  • #8,943
  • Jan 17, 2016 12:35pm Jan 17, 2016 12:35pm
[quote = Darkforce; 8695004] {alıntı} Ve göz açıp kapayıncaya bu 1,465 vurur {image} [/ quote]

Too early, it became clear after 2 hours
  • #8,944
  • Jan 17, 2016 12:38pm Jan 17, 2016 12:38pm
Some thoughts.

Oil is a commodity and is affected by supply and demand, if supply exceeds demand and price elasticity is very low, then price will fall hard.

But CAD is a currency, and CAD economy is not all about oil, even if oil gets hammered, the other party of the economy has to live on.

The price action of CAD suggest that market maybe pricing in a BOC rate cut this week on 20th Jan and maybe a Fed hiking on 23rd of Jan, is this rational?

BOC cut rate further may cause runaway inflation in Canada, and because Canadians imports most of daily necessities, people's living standard will be hit hard, is the government not going to do anything about it?
  • #8,945
  • Jan 17, 2016 12:41pm Jan 17, 2016 12:41pm
Quoting q3maverick
{quote} Hi - I am very new to this. I bought just before the weekend started at 1.4527, but this update did not show up in my Pulse500 application. Is this normal? When should I expect this to update?
Currency trading is continous, 24x7. Retail platform will shut down over the weekend, but inter-bank market will continue, the price change is reflected on xe.com

So in a sense there is not really a Sunday opening gap, it is just a price discontinuity on retail platforms.
  • #8,946
  • Jan 17, 2016 12:43pm Jan 17, 2016 12:43pm
Now it falls back within 1.46, in another blink of eyes.

Sorry for spamming this thread, but this is kind of exciting.

Watch this pair really taught me a lot over the past few months. The price action and the greedy and fear behind it is text book classic and not to be seen everyday in every pair

Update: it retake 1.46 in just a few minutes. Is 1.46 becoming the new support now?
Attached Image(s) (click to enlarge)
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  • #8,947
  • Jan 17, 2016 12:45pm Jan 17, 2016 12:45pm
wow what a spike
Bulls Make Money, Bears Make Money, Pigs Get Slaughtered
  • #8,948
  • Jan 17, 2016 12:46pm Jan 17, 2016 12:46pm
Quoting Darkforce
{quote} Currency trading is continues, 24x7. Retail platform will shut down over the weekend, but inter-bank market will continue, the price change is reflected on xe.com So in a sense there is not really a Sunday opening gap, it is just a price discontinuity on retail platforms.
Thanks! for the info!
  • #8,949
  • Jan 17, 2016 12:51pm Jan 17, 2016 12:51pm
Quoting blue_z_zz
wow what a spike
Talking about spike, I will show you the grand daddy of all spikes, bring on, the ZIMBABWEAN DOLLAR!

I know this is the official exchange rate, which is BS anyway and nowhere close to its craziness on the black market, but it is still fun to see the chart
Attached Image (click to enlarge)
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  • #8,950
  • Jan 17, 2016 12:54pm Jan 17, 2016 12:54pm
Quoting Darkforce
{quote} Talking about spike, I will show you the grand daddy of all spikes, bring on, the ZIMBABWEAN DOLLAR! I know this is the official exchange rate, which is BS anyway and nowhere close to its craziness on the black market, but it is still fun to see the chart {image}
That's wow
Bulls Make Money, Bears Make Money, Pigs Get Slaughtered
  • #8,951
  • Jan 17, 2016 1:06pm Jan 17, 2016 1:06pm
Congrats to long
  • #8,952
  • Jan 17, 2016 1:11pm Jan 17, 2016 1:11pm
Quoting Ken A
Congrats to long
Hi Ken, I think many long may scratching their heads and wonder why they are making so much money so fast, right?!
  • #8,953
  • Jan 17, 2016 1:14pm Jan 17, 2016 1:14pm
Quoting Darkforce
{quote} Hi Ken, I think many long may scratching their heads and wonder why they are making so much money so fast, right?!
Not really, if they went long they are expecting it
  • #8,954
  • Jan 17, 2016 1:18pm Jan 17, 2016 1:18pm
Only one way: USD/CAD higher, Oil will down again and again with Iran and Gold up up up

Here we go
  • #8,955
  • Jan 17, 2016 1:21pm Jan 17, 2016 1:21pm
Quoting Ken A
{quote} Not really, if they went long they are expecting it
Lol? Have to agree. Smart people they are.
  • #8,956
  • Jan 17, 2016 1:56pm Jan 17, 2016 1:56pm
Quoting Darkforce
{quote} Currency trading is continous, 24x7. Retail platform will shut down over the weekend, but inter-bank market will continue, the price change is reflected on xe.com So in a sense there is not really a Sunday opening gap, it is just a price discontinuity on retail platforms.
This is true but XE doesn't show all of the activity over the weekend. It only shows a few hours before and after retail market close
Be hopeful in a winning position, and fearful in a losing position.
  • #8,957
  • Jan 17, 2016 1:58pm Jan 17, 2016 1:58pm
Quoting Rag2RichesFX
{quote} This is true but XE doesn't show all of the activity over the weekend. It only shows a few hours before and after retail market close
Agree, I haven't got access to other information sources though.
  • #8,958
  • Jan 17, 2016 1:59pm Jan 17, 2016 1:59pm
Quoting Darkforce
{quote} Agree, I haven't got access to other information sources though.
Me either, XE is what I use too. But I don't think banks trade much over the weekends either, unless it is an emergency. Otherwise price would gap more often and would gap by a larger amount.
Be hopeful in a winning position, and fearful in a losing position.
  • #8,959
  • Jan 17, 2016 2:04pm Jan 17, 2016 2:04pm
USDCAD is starting to look like the Ruble


Could do 1.60 no problem. If you think about it fundamentally, Canada never should have been anywhere near parity with US

Hard to believe at one time CAD was worth more than USD
Be hopeful in a winning position, and fearful in a losing position.
  • #8,960
  • Jan 17, 2016 2:11pm Jan 17, 2016 2:11pm
Quoting bagXpert
Only one way: USD/CAD higher, Oil will down again and again with Iran and Gold up up up Here we go
http://www.theguardian.com/business/...00-barrels-day

oil-price-woes-deepen-as-iran-vows-to-add-500000-barrels-day

http://news.forexlive.com/!/sanction...xpect-20160117
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