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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 3119
Posted: Feb 22, 2010 5:00
Comments: 3119
Forum Topic:
Commodity FX (CAD AUD NZD NOK)
Discuss Commodity FX (CAD AUD NZD NOK)
u funny
1st, great article, and one of the points of the article is that there is a case for a equity's to move higher. On that note, do you think that CAD/CHF could bounce higher. Pair is now at 23.6% (0.9518 - 0.8498) and October-November lows of 2009
It seems that we are going to see some good news out of Canada, but CHF is still strong, when compared to gold.
it would be nice to feel some cool air in Stockholm, in Arizona we are just coming off high 30-is C.
Thank You
b.
so open a food trading company in morroco
They would raise rates if they could, but NOK is strong enough as it is, and don't need no more catalysts.
That said, our country are using taxes/fees to keep inflation down it seems. The trend is that issues that where taken care of by the govt for free are now charging huge fees, and are close to self-financing themselves, even tho they are still govt entities.
Be carefull about buying NOK anyway. Our wealth fund might be large, but oil income is falling every year. (The 'main' oil company in Norway is Statoil (STO on NYSE) and the stock ain't doing it well imo.) Also, our production base is limited as it's to cold to grow food (except fish), and most other production is wiped of the map by the oil boom.
Ashraf
Why oil is going up? and what do you think is the targrt fo tomorrow . I know this is not your job to tell us what to do, but I need an advise please .
Thanks
Ashraf