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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)
So careful w chasing bids above 1.02
Ashraf
Better to communicate on Twitter regarding these questions. as I am able to see new notification whenever there is new one.
Ashraf
new opportunity for late comers as we approach NY open, u m,ean for only USD/CAD and at what price
R
Tying Canada Jobs to Todays Trade
Strong Sep Canada jobs report ( +60.9K vs expected +15K from previous -5.5K and unemployment rate falls to 7.1% from 7.3%). Since we know that CAD has a high correlation with risk appetite (over 80%), any decent US jobs number today will be a boost for equities and will likely drag USDCAD down near 1.0260s.
The trade was :
(NEW) Short USDCAD between 1.0330-1.0360, for limit between 1.0275-1.0320, stop at 1.0415.
AUDCAD trade did not hit all targets (yet?)
Ashraf
http://ashraflaidi.com/products/sub01/access/?a=513
Ashraf
It still brings tears to my eyes even thinking about it.