Usd/cad

Quote from Ivanovich:

Yes, well I'm not going to argue with you over your political agenda that has been clear to me ever since your "Banana Republic" comment that had me laughing. Go start a discussion about Canada hating the US on a forum somewhere and rant to your heart's content.

Talk about the USD/CAD pair here or don't talk. Thank you for your kind consideration.



Yeah, it "ever weakened" to a new yearly high against several of the majors today, too.
More...

why don't you look at a chart of the $US vs. Brazilian real for the last few years and continue your laughing with your usual closed eyes.
ps my banana comment also goes for western europe
 
Ah yes, because the Brazilian real is so important to many of us. And because "Ever weakening" (read: forever) is always judged in "couple of years" in forex.

Please go away, or talk about the USD/CAD. I don't want to have to call for moderation, it's such a pain here.
 
Be careful. After repeated attempts at breaking .1975, it's looking ugly. Add to that this level of the bull run for the USD is beginning to look tired and you might have a sharper pullback.

I am flat at the moment, having taken profit @.1915 for about 40 pips.
 
I was right upset that I didn't get a fill to short at 1.1975, it would have been a great trade. Right now I am long at 1.1930 looking for 1.1948. After that I will try to get short at around 1.1960.
 
Good call Ivan

As for the current situation I was wondering if yesterdays move was exaggerated by Acelor (the Belgian Steel maker) buying $C for their takeover bid for Dafasco. There was nothing unusual in the futures volume, I was wondering if anyone heard if a big player was doing a lot of business in the interbank market?

To go along with these thoughts I still think Canadian players are short on their home currency and are looking to buy back on any weakness. That said I will be looking to get short $C this afternoon if the pair is trading under 1.1750 as the long term trading range should hold.
 
Good point to be long at. I opened a position here as well, though I'll open another on an expected break down to .1675. Remember, it's the end of the month, and oil/gas flows occur now. So you'll see some underpinning going on for CAD. However, expect that to again launch back up.
 
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