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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 3119
Forum Topic:

Commodity FX (CAD AUD NZD NOK)

Discuss Commodity FX (CAD AUD NZD NOK)
 
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chloethebull
Posted Anonymously
14 years ago
Mar 5, 2010 14:51
things deffin not feeling very good @ the moment..lol..gl
chloethebull
Posted Anonymously
14 years ago
Mar 5, 2010 14:47
@pippedoff..1 of my orders was filled at my other acct...next order @1.0235...gl today
PippedOff
Canary Islands
Posted Anonymously
14 years ago
Mar 5, 2010 14:42
@chloe-how are you stomaching USDCAD at 1.0260? Only 260 pips away from parity.
Callum
Singapore, Singapore
Posts: 179
14 years ago
Mar 5, 2010 5:08
@Farzan, Good question on USDCAD. I am also long USDCAD. I am looking at s/l just below the Jan 2010 low in the low 1.02. I don't mind holding till parity but I'd question the validity of direction if it breaches 1.02

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.
PippedOff
Canada
Posted Anonymously
14 years ago
Mar 5, 2010 4:44
Had that dude Nick DARED speak negatively at all about aussie, the RNB would have put an Aussie $1,000,000 bounty on his head.
Callum
Singapore
Posted Anonymously
14 years ago
Mar 5, 2010 4:19
Nick Bennenbroek, head of currency strategy at Wells Fargo, was on CBNC Asia/Squawk Box Australia today, his take on AUDUSD next week? 91/92

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. :-)
PippedOff
Canada
Posted Anonymously
14 years ago
Mar 5, 2010 2:25
No, I didn't know that. Thank you for sharing that.

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 Laidi
London, UK
Posts: 0
14 years ago
Mar 5, 2010 2:20
NAB also called for no hike. Pretty big names

Ashraf
Ashraf Laidi
London, UK
Posts: 0
14 years ago
Mar 5, 2010 2:20
pipped, speaking of the RBA, did you know that there were about 14 of 19 banks correctly predicting a rate hike but strange enough; 4 or 5 of the banks who forecasted NO hike were Citi, JPmorgan and Deutsche...

Ashraf
montmorency
UK
Posted Anonymously
14 years ago
Mar 4, 2010 22:20
@littlesnow: Hadn't seen a Finnish flag on here before! Welcome to the Forum.
Yes, commodities are tricky beasts.
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