Usd/cad

[ZoneTrooper]

Ya, ya, ya.

So interest rates in Canada might go up. I believe that is already figured into the price of the currency.

Still accumulating.

 

[Optionpro007]

I was under the impression CL was running the show.

But you could be right....

Quote from ZoneTrooper:

Ya, ya, ya.

So interest rates in Canada might go up. I believe that is already figured into the price of the currency.

Still accumulating.

 

[The Kin2]

covered. I'll go long if it gets to .1300

 

[ForexPro]

Stop hit yesterday at 1.135 - loss of 32pips

 

[ForexPro]

Unsure how Bush's SPR incentive will affect this cross, as you'd expect crude to fall long-term. But as crude is so tight, the effect might be short lived. If he wanted the price of oil to be low, why did he try and liberate iraq?

 

[Kastro_316]

If this drops into the .1200's, I will enter heavy!

YeahIKnow, are you going to re-enter this cheap play? Sorry to hear you got taken out...

-Kastro

 

[ForexPro]

Kastro,
I think the action is elsewhere at the moment. But I agree with your sentiment on USD/CAD. I was surprised how good the numbers on confidence and home sales were today. Coupled with a rise in the 10yr. I think the market has underestimated the strength of the US economy, and I think it will surprise further. Interestingly, a lot of crosses are at, or near highs today Eur/GBP/AUD. They wont get any further without poor US data, and I think it will be better than expected.

 

[Kastro_316]

You think the action is with EUR/GBP and EUR/AUD? What is making you trade these?

Thanks,
-Kastro

 

[ForexPro]

No, I think the action is in EUR/USD, GBP/USD and AUD/USD. USD/CAD seems to be constrained by whats happening on other crosses at the moment.

 

[The Kin2]

^ yeah right.

.1260 thank god I wasn't long. But as soon as this free fall stops over I'm gonna jump right in.

WHAT A BARGAIN!!