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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)
I am looking for events/catalysts that would drive the pair to the parity, or towards the Nov 07 low. Breakout in Oil above 85? I suppose this could happen, the question is the timeframe.
If this today's NFP is expected to USDX bullish, I hope to see USDCAD higher - thus buying on dips.
See videohttp://bit.ly/a0HzWr Can you catch his hesitation as he says this, relative to his pitch / tone on cable, or even on NFP related topic. :-)
You predicted they would hike.
I keep reading HONER analysts located in that region of the world clammering that Aussie is grossly undervalued, and should be 93.5.
Today I saw FX Daily Analysts say Aussie remains one of the most overvalued currencies against USD on PPP basis, 22.4% above its implied "fair" value.
Last report was the RBA put an APB out on this particular analyst with am Aussie $1,000,000 bounty on him, lol!
Ashraf
Ashraf
Yes, commodities are tricky beasts.