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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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DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Apr 21, 2011 0:55
I need yields to move up tomorrow to save my 30yrBonds short position
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Apr 21, 2011 0:51
In the global economy now prevailing I think its true to say all mkts are of one. Correlations are therefor becoming more and more important for trading imo. Mainly the reason I am here !
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Apr 21, 2011 0:48
correlations are not always playing all in synch, sometimes one member will be contrarian but if I am long oil I basically feel comfortable if cad is long also. If all members are erratic chances are the mkts are pretty much untradeable.
jacek
Melbourne, Australia
Posts: 2579
13 years ago
Apr 21, 2011 0:41
Actually Ashraf done some work on cad/oil correlation.. But I wish he could update his stuff more often.. Anyway thanks for letting me know about oil.. Will watch it with interest today..
jacek
Melbourne, Australia
Posts: 2579
13 years ago
Apr 21, 2011 0:33
sure Dave.. we all have different reasons for being here.. i'm in fx and oil is beyond my comprehension at this juncture.. I think somebody has to much control there.. same for NYSE as you have already said so yourself..
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Apr 21, 2011 0:30
Crude (CL) tipped 78.6% ret of last swing down today and reacted off the level which clustered with 127.2% sym ext. Narrow range coiling at mo. If it breaks down tomorrow I can support your short loonie stance :-) Who needs fundamentals to confuse our reads ? :-)
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Apr 21, 2011 0:21
OK gl but I don't see anything especially positive about DX at this time. cad/usd is one contributor to my oil/gold/stocks correlation chart. Mkts can change on a dime ! :-)
jacek
Melbourne, Australia
Posts: 2579
13 years ago
Apr 21, 2011 0:04
Dave, I'm actually short loonie in portfolio for slight DXY positive bias.. and actually I'm looking to add since DXY survived that assault yesterday.. oil is another thing all together..
DaveO
UK
Posted Anonymously
13 years ago
Apr 20, 2011 21:51
I agree usdcad was out of whack from US open to 2.00pm ET but then it turned down and it should continue down according to my current correlation chart for oil etc.
chloethebull
halifax, Canada
Posts: 1183
13 years ago
Apr 20, 2011 21:17
not sure whats going with potash(pot)but was trading @ 54 buks but showing on my screan now 15 buks???can any1 offer a reason..thanks:)
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