Commodity FX (CAD AUD NZD NOK)

Ashraf,

1st, great article, and one of the points of the article is that there is a case for a equity's to move higher. On that note, do you think that CAD/CHF could bounce higher. Pair is now at 23.6% (0.9518 - 0.8498) and October-November lows of 2009
It seems that we are going to see some good news out of Canada, but CHF is still strong, when compared to gold.


it would be nice to feel some cool air in Stockholm, in Arizona we are just coming off high 30-is C.

Thank You


b.

It's the same here in Norway. Most industry (except oil related) in this country has either flagged out or are heavily sponsored by the govt because we can't compete with the wages here. House prices has hardly gone down at all during the fin crisis, and food prices are surging (I'd know as I do my own shopping).
They would raise rates if they could, but NOK is strong enough as it is, and don't need no more catalysts.
That said, our country are using taxes/fees to keep inflation down it seems. The trend is that issues that where taken care of by the govt for free are now charging huge fees, and are close to self-financing themselves, even tho they are still govt entities.

Be carefull about buying NOK anyway. Our wealth fund might be large, but oil income is falling every year. (The 'main' oil company in Norway is Statoil (STO on NYSE) and the stock ain't doing it well imo.) Also, our production base is limited as it's to cold to grow food (except fish), and most other production is wiped of the map by the oil boom.

Dear Ashraf
Why oil is going up? and what do you think is the targrt fo tomorrow . I know this is not your job to tell us what to do, but I need an advise please .
Thanks

exit take profit EURCAD short @@3967 102 +pip boosted by a declining EUR as expected...without any techincal analysis thats waste of time and money