Usd/cad
- Thread starter Ivanovich
- Start date
I have been doing some research and it seems that every tuesday when the oil inventory report comes out the Canadian dollar does about a twenty pip "wiggle". Does anybody out there play this?
Also does anybody know what US$ inventories are like for Canadian firms? I know the specs are trying to push $C lower but until Canadian firms deplete there US$ inventories I can't see a serious breach of $0.84. I have a few contacts with grain traders and I am going to see what their situation is. If someone out there has contacts at a bank or oil company could they please ask them and report back
Also does anybody know what US$ inventories are like for Canadian firms? I know the specs are trying to push $C lower but until Canadian firms deplete there US$ inventories I can't see a serious breach of $0.84. I have a few contacts with grain traders and I am going to see what their situation is. If someone out there has contacts at a bank or oil company could they please ask them and report back
...daily...
... I'm sorry
) The answer is edited...
) The answer is edited...
Just reading your post? I dont see how it took a stab at 1.20 (USD/CAD) when it only reached 1.1950. Also the channel you are trading in is still bullish since 11/11/05. Moreover, the stab at 1.1950 hasnt reversed the bullish trend of USD/CAD.
My friend, I'm not sure if youre getting too cocky but dont pat yourself on the back too much b/c the market dictates price action. My warning to you. Good trading.