A whole slew of Canadian releases at 8:30 - expect effects of high loonie to show in lower mfg shipments & car sales, higher inventories ... if...
The charts are based on what, a fundamental model?
It was just pushed down to 1.0455 by news of the Rio Tinto/Alcan deal ... may go a bit lower once the deal actually goes through. But really even...
yup, looks like the yen carrion traders are back in business. Took a small long on USDJPY at 122.52, target 123.
Housing starts were off for June as well, often a canary for the rest of the economy. The high-loonie bad news is starting to roll in, I guess....
OK. So why would a totally expected, no-surprises move by BoC cause USDCAD to zoom up 40 pips? People say, well, it was priced into the market -...
ya think it's gonna get that high? Personally I'm having more fun riding the USDJPY unwind.
I think Thursday's and Friday's announcements will be more interesting. Tomorrow BoC is going to raise rates by 0.25%, ho hum, everybody's known...
I worked out the "real" spreads for the major pairs on IB. These are expressed in "pseudopips", defined as (spread/sell price + 2*commission) *...
Here are the predictions from the geniuses at Royal Bank of Canada and Scotiabank, together with Scotiabank's consensus of the experts it...
I still see USDCAD as oversold. It is where it is because of a string of strong economic figures in 1Q plus M&A encouraged by a cheap loonie....
seems there are still sellers in the cellar
I assume what happened is that everyone knew today was mega-announcement day, they expected more sparkling results just like the last bunch and...
However I have discovered a rule that works at least 95% of the time with USDCAD: When I short, it goes up; when I long it goes down. Maybe I...
It's related to the price of tea in China. Wait a few days and the pundits will tell us why.
Yeah, and just after I'd finally gone long at 1.0650. The gurus as usual will be able to explain it all after the fact - predicting the past is...
Yes, not a good day. The manufacturing figures are surprisingly strong despite the high loonie. Growth is off, but still ahead of the US. And...
BTW, last year this time oil was dicing with $80 and then it dropped to $51 - without a recession - so why is a drop from $70 to $40, especially...
"How much of a position you control in relation to your account size" is how I would define leverage. Or rather, it is the ratio between the sum...
I didn't say $40 oil this summer, I said this fall, IF the US goes into recession. $70 oil is so far off the long-term trend line it can't be...
Separate names with a comma.