Usd/cad

We all have heard that cautions against rising EUR to 1.36
Were any interventions from ECB?

Corporates bids...I don't think they play these games, they must have hedging schemes.

We are playing against global monthly trend. That is the fact.
 
My red P&L is increasing on this one, but I am staying too. I think I had this pair closing about a mile higher today. I was wrong on this one. Maybe gold will only go to 5000 or so.

One encouraging thing...I think the guys who call their trades on the IFR thing just took a short postion in this pair. That usually means it will move the opposite way. :p
 
Quote from OfmY:

We all have heard that cautions against rising EUR to 1.36
Were any interventions from ECB?

Corporates bids...I don't think they play these games, they must have hedging schemes.

We are playing against global monthly trend. That is the fact.
More...

Yes, and there were TONS of verbal interventions (read: verbal - which is what I said) when the EUR went it's merry way to 1.36.

Corporates DO play this way. Importers and Exporters. Japanese corporates are notorious for playing the Yen.

As for playing against the monthly trend - I never indicated I believed otherwise.
 
Quote from OfmY:

Yeah, "stop hunting".....it easier to explain such move like I said rather than wondering who and why has moved it down...
More...

Whatever keeps you in the trade I suppose :eek:
 
Ivan, how do they play?

Simply buying USD against CAD? From what resources?

As far as I'm familiar with corporate financial management firms always HEDGE currency risks. If you mean play that way I agree.

But there is no hedge fund that moves currency.
 
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