Search results

Mar 09 2007 ... Well I called the Canadian job numbers wrong. It was +4000 jobs more than expected. I got stopped out at 1.1765 Here is to over thinking a position *cheers*

I agree 1.1750 looks like the point of no return It is also interesting that you are mentioning crude. I have also been worried about crude prices but it seems to have no affect; probably because the spring season is approaching and heating oil will not be in demand, thus many are discounting...

Mar 08 2007 ... Still holding because of relative strength I thought I also might point this out ... there is a nice upward channel forming in the hourly .. check it out I would not use this channel to initiate trades right now since there are market moving events on deck for tomorrow...

Mar 08, 2007 ... USDCAD pierced 1.1800 for the first time since March 05, 2007 plus with no super significant pull back since then I am still bullish on the upside potential ... possibly looking for USDCAD to break 1.1900 which would put this currency pair back into its original upward...

You do not think US NFPs will cause GDP to break out of this range?

March 07 2007 .... Looks like buying the dips was not a bad idea for the short term ... however the usdcad has yet to break 1.1800 which would be a bullish signal (to me anyway) I do not want to be holding this currency pair during US and Canadian NFPS (non farm payroll) numbers. (March 9...

Mar 06 2007 cont2... Unreal jpy moves are making me re-think my usdcad position. Plus since the worry that the Canadian government would indicate future rate cuts is gone, and metal and commodity prices are rising as well. Most estimates are for Canada to be range bound between 1.1825...

Mar 06 2007 cont ... looks like USDCAD finding temporary support here ... still not much action ... still looking for an upward move maybe later on this afternoon.

I agree ... that price would be ideal ... a lot of perceived support just beneath that area ... I am just trying to front run to remove the possibility that the usdcad is so strong that it will not get down there (plus that is where I initiated some of my buys, so to buy again there would not be...

Mar 06 2007 cont... Looks like the combined econ data of Stats Canada and the US has caused the USDCAD to retrace to the first fibonacci level (measure from the beginning of up move at the end of Feb to the highest point of the up move) I am adding to my position here ... I see no reasons...

Mar 06, 2007... Nothing new on the Canadian econ data front now looking toward Friday's jobs numbers and trade balance I personally have been buying in on the recent dip in the 60s and 70s stops place a little below my perceived support area in the 20s and 30s I have to watch...

I am pretty sure rate decision will be unch. Speeches might jump into employment, wages, and maybe slowing economic growth. I am not sure ...

Cannot argue with you there ... Maybe IVEY is not the market moving event I kind of touted, sometimes it is. Oh I can't wait for an inline Canadian GDP, lets see what that does.

So from those "miss" definitions you just provided how would you rate the IVEY and ISM services numbers??? Because it seems ISM service index is a total miss ... and the IVEY index is back to pre-December levels

ok ... what is a miss?

Well I think 3 to 4 index point either way is out of line with expectations and can generate a considerable short term move that could be detrimental to my position, or could open up some buying or selling opportunity where one did not exist or was too expensive. I agree that overall 3 to 4...

March 05 2007 cont... I got shaken out of half of half (or 1/4) of whatever I have leftover from my original USDCAD long. shaken out @ 1.1786 I thought the current support just below 1.1800 was about to collapse. In any case I still have 1/4 of my original position left. I am...

Since this a forward looking number about consumer consumption, a higher than expected number should predict higher consumer consumption in the months to come, if the purchasing managers of Canada are correct in buying more now to sell more later on. Plus a higher than expected number says...

Mar 05 2007 ... USD/CAD looks to still have upside potential. I am still looking for the 1.1800 breach (USD/CAD has not been above 1.1800 since the beginning of February) There is a pretty heafty forward looking econ number this morning at 1000 am EST = Ivey Purchasing Manager's Index...

Mar 02 2007 cont.... Still holding my other half of USDCAD long spike up to 1.1765 proved to be short lived ... maybe the USDCAD is too expensive right now Most likely will keep my longs to see what happens monday, unless it sustains a downward move past my first settle price of 117.40