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This thread was started in response to the Analytic:
US EU Bond Yield Spreads
Rather than simply comparing currencies' overnight interest rates, FX traders pay close attention to differentials in 10-year yields for the market's assessment of longer term interest/inflation rate horizons. The relationship is straight forward.
What is the next resistance level for the USD/CAD?
Dema
Ashraf
I am not familiar with your trading strategy, but I noticed you wrote early today regarding USD/CAD reversal is coming soon, so why you plan to buy the CAD next week?
Personally I am very bearish in the CAD against dollar for fundamental and technical reasons. My advice to you is to think about where to put your stop loss before you enter any trade.
Good luck
I have close my position two days ago. USD/CAD should have a little more room to rally. But I don't want to get into trade on the pare now, I am not good on chasing price.
But I am looking for the next USD selling off season coming. It should come soon, maybe next week, right?
Best regards
Qin
Those Canada jobs were bad.
Ashraf
I was long USD and short CAD at the same rate as you, but I booked my profits at 1.10.
Good Luck with your positions!!!
Let look for a chance to short USD/CAD next week!! Cheers!!
heres the day;s data on bond yields from different countries.http://markets.ft.com/markets/bonds.asp I updated the latest yeld curves on the website.
Ashraf
Hi Ashraf ,I have had some difficulty with finding a site that provides updated charts of long term yield spreads such as the one you have provided for this article. If it's not asking for too much would you be able to recommend a site or sites where we could access such information relating to the yield spreads of the main currencies ?
Do you know where i might find 10-2 Treasury spread charts ???
I see bloomberg website has nice charts, but i do not know all they tickers, or even if they show them.
http://www.bloomberg.com/apps/cbuilder?ticker1=.TEDSP:IND
Thanks
Simon
P.S. I will tip USDZAR back to 8.5 in a couple of weeks