USD/CAD taking off?

Discussion in 'Forex Trading' started by clambill, Apr 16, 2010.

  1. Why in the world would the US dollar actually go up and not down right after Goldman Sachs gets sued by the SEC? Yes, I was watching my platform when I saw the news on Bloomberg. Went down to 1 min candlesticks to see what was happening. The price took off right at the time of the news.
     
  2. LeeD

    LeeD

    Maybe it's good news for the dollar. USD went up today against Euro (despite new doubts regarding Greece bailout) and against GBP (despite increased probability of hung parlament).
     
  3. 4EXJOE

    4EXJOE

    Risk aversion, negative correlation to the stock market.
     
  4. cstfx

    cstfx

    crude is looking ugly tonite. Shorted the CAD futures @ 9855 because I believe crude will drag CAD down across the board.
     
  5. cstfx

    cstfx

    covered short @ 9800
     
  6. cstfx

    cstfx

    shorted CAD futures again @ 9820
     
  7. cstfx

    cstfx

    closed it at 9850 -30 pips, but +25 for the day.
     
  8. 4EXJOE

    4EXJOE