Usd/cad

Quote from The Kin:

Maybe sooner than that.

1.1551 is the low today.

Damn....

Ivan, isn't that close to your stop?
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Not at all :) I'm in this for a long time, my friend.

Stop was at .1400, which is the low from 1992. But even if it manages to drop down to that, I'll just re-establish a long down there.

I cannot believe someone actually said PAR. Haha...!
 
Quote from Ivanovich:


I cannot believe someone actually said PAR. Haha...!
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It can happen....

I'm in Vancouver and it's booming here, construction cranes everywhere. And I read in the paper that the manufacturing industry is hiring more people than the constuction industry, so these arguments that the high CAD will hurt the manufacturing industry have been proven wrong so far.

Maybe at the end of 2006 the CAD will be at par with the USD.
 
Quote from uninvited_guest:

It can happen....

I'm in Vancouver and it's booming here, construction cranes everywhere. And I read in the paper that the manufacturing industry is hiring more people than the constuction industry, so these arguments that the high CAD will hurt the manufacturing industry have been proven wrong so far.

Maybe at the end of 2006 the CAD will be at par with the USD.
More...

The articles that stated the strong CAD is hurting the economy stated clearly that most of the negative aspects were in Ontario and Quebec. Don't ask me why, I'm not a Canadian.

Regardless, you guys can keep the candle lit for par, and we'll see who's right. Remember, all I'd like to see is a return to the low 17s. You've got a much longer way to go for par. If you think that's a more lilkely chance, then please post your short positions.
 
We got a strong Ivey PMI numbers yeasterday.
This week the Industrial Capacity Utilization Rate (q3) is coming and expected to be higher from previous month...

On the other side CPI was less than expected...

Of course, Ivan's chances to get the 1.17's are much better.
For the longer term we may see the Par and there are few light signals for it. But I can't imagine to see levels DOWN 1.14' before noticable correction UP.

So guys you are both right :)
 
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