Ivvy called a 100-pt spike, Folks, a day before it happened, just for the record. Good, call, Iv. You shouldn't call yourself a "hobby trader." fx 1.2589
Short heavy yesterday at 1.1432 stop .1615 target .11 I think the stats are being manipulated in an attempt by the BoC to keep CAD down. But the economy, especially the oil sector, is truly booming. I'm looking forward to Canadian employment numbers over the next three months. And crude prices. One GoM hurricane and oil, as well as CAD, should be testing all time highs. IMHO Employment and CPI numbers will be minipulated. But I hope after 3 months, employment numbers will at least show a trend.
No proof whatsoever. I'm just eccentric. The above post was just my opinion, and opinions, unlike facts, don't require proof.
Nice trade Ivan. Thinking about going long here as well? I think that may work for a stab at week highs.
Risky. Sentiment is turning to the down side for the dollar - although technically the long play looks ok in USD/CAD. I'm going to sit this out at the moment.