The big issue is going to be what happens on the stock markets in the last hour, as it's a quadruple witching hour and often a time for big volatility. url

EURUSD

They got back about an hour ago, but I think they must have been imbibing a bit too much and are now dozing off at their terminals.....

EURUSD

No, and it's actually behaving itself (a whole 2 pips in the black ), though I think I'll keel over from boredom watching it.

EURUSD

Looks like Cad is finally getting hurt by it's strength; moderate failure in both retail and core retail sales. Plus last night the CBC (our national broadcaster) apparently was indicating $/Cad could go to 0.9 (another buy signal)....Now if only ...

USDCAD trend reversal?

It's friday, a lot of specs will be closing trades for the w/e, especially after a week like this one. But the size of the move is not all that unusual...

Unexpected USD strength in the last few hours

I'm kinda partial to moral hazards myself BTW, it's almost like you can follow the progress of the hearings on the euro charts, it keeps rising while folks begin to realize there may be trouble in the offing, and then they fall asleep

Do Not Yell At Me For Discussing Fundamentals

I think the market is doing it for you . I was actually a little concerned early this am about reaching parity when I saw that the USD/CAD bulls had retreated from over 80% to around 77%

USDCAD trend reversal?

Getting an up-move spike however after the Philly Fed results....so I'm out. Note however that it did cross the 1.38 retracement level and touched 1.5 Curious how that stuff works

Why is Yen strengthening so fast?

The Unemployment numbers dropped this am, which tends to put pressure on raising rates.

Why is Yen strengthening so fast?

I would assume that with the Dow opening down, money is moving from USD/JPY to other crosses. I haven't checkes the other JPY crosses however....But USD/JPY was a sell from the time it crossed the mnor rising support line drawn from the Sept 10 lows ...

Why is Yen strengthening so fast?

The idea is that it would just stabilize, then a single ccy could be made taking that into account (as was done for all the various ccy's that formed the euro). But for the peso to stabilize, Mexico is going to have to deal with endemic corruption ...

OMG! USD/CAD @ 1.0000 today?

I'd give it time. FWIW, I've got the 1.618 extension (from the late July low to the Aug high) at about 7 pips above parity, and usually it goes a bit further befor retracing. Especially when there may be a load of stops underneath....

USDCAD trend reversal?

Canada first floated it's ccy back in the 50's. P*ssed off a lot of Breton Woods supporters, but hey, c'est la vie. There too many young'uns who seem to think that USD/CAD should not be around parity, that somehow this "fall" from 1.6+ is ...

OMG! USD/CAD @ 1.0000 today?

I think the biggest problem is that we export tons of other stuff to the states, and that drops as the Cad strengthens. Oil the US is pretty well stuck for, but other goods & services - from auto manufacturing to software development - get adversely ...

OMG! USD/CAD @ 1.0000 today?

From the wishful thinking dept.... — Here's to hoping 1) The pair goes to parity today 2)It happens over lunch hour NY, when trading is thin 3)there's a whack of stops underneath 4)the BoC is not watching too closely....

OMG! USD/CAD @ 1.0000 today?

No way, American beer is terrible, and their football fields are too small BTW, the record low for USD/Cad was a shade under 0.96, in 1974....

OMG! USD/CAD @ 1.0000 today?

lol - as eur/usd has gone up ~75% in the last 7 years, that makes ~10%/year. Less a couple of % for interest rate differentials, I still think it could qualify

EURUSD

One of the big drivers last night was the talk re. Saudi dropping it's peg to the dollar. If they go, expect similar from the other big petro-dollar holders (who are currently sitting on 3.5 trillion USD reserves apparently). Euro is the ccy of ...

EURUSD

We're in the same boat, just pulling on diffrent oars Fundamentals are really up in the air atm, especially as new skeletons come out of the closet, so the real battle is on the chart lines. BTW - don't worry about the tax thing in Canada, that's ...

Do Not Yell At Me For Discussing Fundamentals

Good question; so just a little ramble here. Feel free to shoot any or all of it down.... I think they are aiming primarily at lowering ST risk of more credit-related collapses. Saw today in the WSJ a brief note in the "Heard on the Street" column ...

Do Not Yell At Me For Discussing Fundamentals