Congrats, your Usd/Cad on fire, ripping through 1.0300 handle. Perhaps you may get that 1.0600 after all, with a little bit better overall Usd sentiment.
Oil will be heading sub 80 again for you, huge help in supporting your long Usd/Cad position.
Here's a plea to all to get that FINANCE award to Ashraf, pls do all ye can! Ashraf, could you pls start a USD/CAD thread as I believe there's going to be momentous action here
rim, markets didnt mind the fact that the Nov figures were revised to +4K (1pst positive job fig since 2007). Also Chinese trade figs helping risk appetite.
chloe, i am more confident that eurusd will go to 1.39 and 1.38 THAN usdcad WILL GO TO 1.07. u are correct abt the CAN jobs and their positive impact on USDCAD but i cant trust these oil prices going abck below 80 after breaching above that important 82 level. to answer ur question, id say i see USDCAD hitting 1.06 before it hits parity. Next 4 weeks is all about US CORPORATE EARNINGS and I find it hard for these results to beat the previous quarter and the same quarter of the prior year therefore could potentially weigh on stocks and be USD-positive.
hi ashraf ..do u see parity on usdcad befor 1.06 or 1.07..also i shorted eruusd @ 1.4410 i know u predict 1.38 but in the short term will that pair get stronger before we trend down again i hate to ask but im sort of confused with the dynamic..i think that the fundalmental were strong this week ie:4x inventory #.nfp were weaker than expected,cad employment# softened an employment rate moved up,just thought that woulda comfirmed economies can;t sustain high crude prices..also with the strong cad do you think canada will continue to show signs weaker data..thanks for helping me figure things out best u can its greatly appreciated
Here are charts capturing the weakness in asset portfolios, business surveys and consumer sentiment alike. The simultaneous decline in various Fed and non-Fed business surveys (top panel), falling stocks and bond prices sustaining a loss of over $23 trillion (middle panel) and flattening yield curve (bottom panel). The latter illustrates that even bond vigilantes are growing skeptical of Fed's latest policy shift. Don't be taken by the fancy charts and ask instead, “how do I trade these ideas?” and “what is the realistic timeframe?” Let's see.
Do you have any scheadule publishing in korea your book?
Ashraf
Congrats, your Usd/Cad on fire, ripping through 1.0300 handle. Perhaps you may get that 1.0600 after all, with a little bit better overall Usd sentiment.
Oil will be heading sub 80 again for you, huge help in supporting your long Usd/Cad position.
Here's a plea to all to get that FINANCE award to Ashraf, pls do all ye can!
Ashraf, could you pls start a USD/CAD thread as I believe there's going to be momentous action here
Thanks,
Kamall
Ashraf
How do you evaluate the stock rise despite the bad unemployment data? , as in Euro zone rose to 10% ,and in Canada rose , and US payroll data .
Ashraf
Ashraf