Here is another reason to go short USDCAD. http://news.yahoo.com/s/ap/20060530/ap_on_he_me/healthier_canadians I'm just being frivolous. Bad consumer confidence number today. Oil keeps rising. Stockmarket took a big hit today. I hear someone singing. It is the fat lady. She is singing "Oh Canada". :eek:
I'm very interested to hear the feeling of Fed minutes tomorrow. The Canadian Fed sounded very dovish at their last meeting with hints towards a pause at the end of June. If the US Fed implies hawkish towards the June decision I think we could see a pop. *crosses fingers*
Good move kastro - I am going to go long today on CAD as soon as I find a good entry (european open hopefully) - gotta wait like a SPeCIALISt to fire of that one good shot (even though the Asian session was a good entry time). Hold on to it.