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Milking 4 pairs AUD/NZD, EUR/GBP,NZD/CAD & AUD/CAD for a living 38 replies
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DislikedWith all the selling last week I wouldn't be surprised if they use a wide gap down to lock out people from shorting. Weekend gap will be interesting for sure.Ignored
Disliked{quote} Rahul what do you say about those wildfires in canada ...they will impact the crude oil which in turn will make a reaction to usdcad ???Ignored
Disliked{quote} no clue about the wildfires. but I should note oil will go up because retail money is short it. All I know is that smart money sold heavily into the USDCAD rise last week. The whole purpose of the move is to sucker people into longs before a crash.Ignored
Disliked{quote} no clue about the wildfires. but I should note oil will go up because retail money is short it. All I know is that smart money sold heavily into the USDCAD rise last week. The whole purpose of the move is to sucker people into longs before a crash.Ignored
Disliked{quote} This FIRE is not small http://www.cnn.com/2016/05/07/americ...e-2/index.html This will devastate Canadian economy and the longer it goes the higher ucad will climb. The other thing it might also do is devastate oil production and exploration.Ignored
Disliked{quote} This is will tell you how big a thing this is for oil production in canada https://en.m.wikipedia.org/wiki/Athabasca_oil_sandsIgnored
Disliked{quote} I think such unique situation may change the strong correlation between the Canadian currency and the oil price in the short/medium term. If this affects the oil production in Canada which has a commodity currency, this will certainly harm the Canadian economy and accordingly currency devaluation. Meanwhile, this wildfire should affect the oil production which accordingly should increase the oil price. Two contradictory effects on the currency. Result will be the NET EFFECT about which factor will be stronger than the other. Days will tell....Ignored
Disliked{quote} Canada is 5th largest producer but in retrospect is only 30% of usa's production....losing 10% of world production might bring up oil prices but the actual economic damage it will have on Canada is much more devastating.Ignored
Disliked{quote} Your wrong about the earthquakes. That was Godzilla. Its a government cover up. There was no earthquake. The tsunami was caused by Godzilla. Why do you think the Fukushima power plant was attacked? You have been tricked into thinking it was "Man Made". Godzilla is not man made.... Japan is able to control Godzilla by giving him some nuclear power every now and then but cover it up as something else.Ignored
Disliked{quote} I think such unique situation may change the strong correlation between the Canadian currency and the oil price in the short/medium term. If this affects the oil production in Canada which has a commodity currency, this will certainly harm the Canadian economy and accordingly currency devaluation. Meanwhile, this wildfire should affect the oil production which accordingly should increase the oil price. Two contradictory effects on the currency. Result will be the NET EFFECT about which factor will be stronger than the other. Days will tell....Ignored