I was the days market on FXC Mar 101 Puts

F

ForexForex

I was the days market on FXC Mar 101 Puts. That's my 1 contract that traded today. :)



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http://finance.yahoo.com/q?s=FXC110319P00101000
 
Quote from ForexForex:

It's the Canadian Dollar/US Dollar. I expect the CAD to fall during the next two weeks, close to par. I have never traded FXC before so I thought I would try 1 put contract, for a $20.00 trade.

http://finance.yahoo.com/q?s=FXC
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sorry...ah, so you believe Oil is heading down as well as they track each other
 
The wrong-way traders at Daily FX are also short the Loonie, 88% long the dollar. They are all long the dollar vs. every other currency - and will probably get squeezed out of the dollar before they're ultimately proven right.
 
My friend is one of dailyfx's main contributors and you're right. The guy is bullish on the buck like nobody's business. He just cannot see EUR/USD sustaining these levels, but given the leveraged nature of FX trading and/or the futures, the best way to play to USD strength is options on either DXY or perhaps put buying on FXE.
 
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