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Rknigh2 commented Oct 4, 2012Participants again exchanged views on the likely benefits and costs of a new large-scale asset purchase program. However, most participants thought these risks could be managed since the Committee could make adjustments to its purchases, as needed, ...
Minutes of the Federal Open Market Committee
- Rknigh2 replied Oct 4, 2012
Yes, if the FED hints at more easing the daily candle is going to one monster of a red bar.
USD/CAD
- Rknigh2 replied Oct 4, 2012
Bottom of the bull channel and 38.2 fib level should be some considerable support around .9825 if we continue to break lower through .9850.
USDCAD trend reversal?
- Rknigh2 replied Oct 3, 2012
Waiting for the ISM data. Good employment numbers and positive manufacturing could put us right back into the .9800-.9850 range and a better long price. We'll see...
USDCAD trend reversal?
- Rknigh2 commented Oct 2, 2012
Generally, "killers" imply negativity. Either way, I definitely agree with your strategy! Here's a thought. I'm speculating the Chinese will join the currency depreciation game more aggressively. However, is there a contrarian play here for the ...
The Federal Reserve and the Currency Wars
- Rknigh2 replied Oct 2, 2012
The main reason I don't trade USD/JPY is for that exact reason. Global events cause similar reactions to both currencies. Makes it tough for me to rationalize directions on the pair. That same dynamic I'm sure is right in some people's wheelhouse ...
What Happens When Both Currencies on a Pair Take a Hit?
- Rknigh2 commented Oct 2, 2012
Average Americans should live in any other 1st world nation for a month. You would realize their buying power is still head and shoulders above every other nation. Easy example? Gasoline prices.
The Federal Reserve and the Currency Wars
- Rknigh2 commented Oct 2, 2012
You say "dollar killer" like it's a bad thing. How do you plan on exporting to the growth markets when it costs the importer a 60% premium just in exchange?
The Federal Reserve and the Currency Wars
- Rknigh2 replied Oct 2, 2012
She's runnin out of time! Converging short/med term trend lines, we should see a break either way today.
USDCAD trend reversal?
- Rknigh2 replied Oct 1, 2012
Price is in a really interesting spot. Nasty double top on the 4h chart (at .9850 which is near the top of the long term bear channel), and it's bumping up again the bottom of the medium term bull channel at .9800. Good Canadian and US manufacturing ...
USDCAD trend reversal?
- Rknigh2 commented Sep 28, 2012
Yep. Looks like the nervousness over the Spanish banks is taking the lead at the moment. I'm happy to load the shorts on here though, ready for a risk on day.
Canada Gross Domestic Product by Industry, July2012
- Rknigh2 commented Sep 28, 2012
or jump 20 pips up? pardon? haha Good opportunity to get a good price on some shorts I do believe.
Canada Gross Domestic Product by Industry, July2012
- Rknigh2 commented Sep 27, 2012
Not much of surprise. Think this is all priced in. The unemployment claims however may not have been priced...
U.S. orders for durable goods sink 13.2% in August
- Rknigh2 commented Sep 26, 2012
You can't think of currency depreciation as "bad" (e.g taking a beating). There are many positive benefits for the USD decreasing against other currencies. The housing starts are still rising (even though it missed the estimates). Prices jumped ...
New U.S. home sales dip in August; prices soar
- Rknigh2 commented Sep 26, 2012
Demand increasing over supply? Seems pretty positive...
New U.S. home sales dip in August; prices soar
- Rknigh2 commented Sep 26, 2012
Now just remember... bad numbers will likely be positive for USD as people sell off their risk into this already risk-off short term market.
3 Numbers to Watch: UK Retail Sales, German CPI & US New Home Sales
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Chinese Stimulus
Started Sep 26, 2012|Trading Discussion|0 replies
I must admit I am a little surprised I haven't been reading more speculators talk about ...
- Rknigh2 replied Sep 25, 2012
If your bias is long USD/CAD, I'd be picking up positions between here (.9765 and .9745). Just be aware that we have had a number of days of "risk-off", and there doesn't appear to be any real bad news on the horizon. We very well may see some bull ...
USD/CAD
- Rknigh2 commented Sep 25, 2012
Think bigger picture. Positive US news is generally market positive. Since most of the safe assets are in USD, when people are willing to invest - Non-US assets are purchased with USD (i.e. USD goes down against most crosses).
The Conference Board Consumer Confidence Index Increases in September
- Rknigh2 replied Sep 24, 2012
There is some decent bearish divergence on the 4h now. The .9820 has held again. But we are still well within this new bullish channel. A break out of the channel as the MACD crosses below the 0 would be a nice short opportunity (or a few closes ...
USD/CAD