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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)
there is a master of complication
so in the master plan for the " u wont touch to white lady" i forecast a move toward north of apache oil at the corner of the saloon at around 127
what do u think? letme know. higher?
Ashraf
USD MAY BE RALLYING BUT CAD IS FLYING after oil prices hit $88.60 following the biggest weekly draw in EIA crude stocks of 9.85 mln, the biggest drop in 9 years. Despite Euros 130pip slide and cables 200-pip damage, USDCAD slides to parity. FITCH UPGRADE of Canadian Imperial Bank of Commerce (CIBC) outlook to stable from negative on improved profitability and capitalization. EURCAD hits 10-day low at 1.3286 with possible extension to 1.3170s (in line with the current HotChart). EURUSD seen testing $1.3190 before weeks end while GBPUSD SEEN TARGETTING $1.5520 and $1.5280 as seen in this charthttp://chart.ly/yn4xak3
Ashraf
The Riksbank is expected to raise rates by 25-bps to 1.25% while the Norges seen unchanged at 2.00%. But NOK is seen as the preferred currency
http://link.reuters.com/cex99q
Ashraf