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Rknigh2 replied Sep 4, 2012Nice spot for a long... pending QE action makes me nervous though. More comfortable adding shorts at the .9900 level, rather than going long.
USD/CAD
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Rknigh2 replied Sep 3, 2012In particular... food exporters and telecom. Specifically TEF at the moment. Added in between 10.5-11.25. I would be comfortable adding more at this 12.50 price too if I needed to. The dividend makes me a little nervous (if a cut happened it would ...
Would you buy Italian stocks?
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Rknigh2 replied Sep 3, 2012Decent little flag building on the 5min. Long at 1.2617 for another short run at 1.2630.
EURUSD
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Rknigh2 replied Sep 3, 2012I agree we will see a .9800 test. QE is being reiterated again, which is a double positive for CAD. Small breather, and then we may see a test as early as tues. either way, short from .9875.
USD/CAD
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Rknigh2 commented Sep 2, 2012Only poor people think capitalism will change... and then they complain about being poor.
Williams Calls for at Least $600 Billion in Fed Purchases
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Rknigh2 replied Aug 31, 2012Given the markets reaction today. I think we'll continue to see a slow climb up. It would be more reassuring to hear the plan for the EU, but the rhetoric has been a pretty consistent "we will do what it takes"... which the market seems to like. ...
USD/CAD
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Rknigh2 replied Aug 30, 2012Logic tells me that QE doesn't make any sense right now. However, I'm also from the camp that believes the Fed arent complete liars. That's why I think we hear ben give a date or specific timeline tomorrow. But I'm not willing to put my money on it ...
USD/CAD
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Rknigh2 replied Aug 30, 2012Was able to snag another long at .9871. Originally had TP set at the .9945 resistance, but I'm out now. I'm actually leaning toward a QE announcement, but I'm not willing to gamble the speech at these price levels. Should be interesting!
USD/CAD
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Rknigh2 commented Aug 29, 2012Euro is also rising from EU talk that they may actually be able to solve the issues. I'm sure the no QE speech friday will drop it a bit, but I doubt it will tank.
US July Pending Home Sales Rebound
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Rknigh2 commented Aug 29, 2012Should be interesting. Another illustration of the bottoming of the US housing market. IMO the most important factor in getting back to a true bull market. However, short term, this pushes back the QE talk again. It would be nice if they structured ...
US July Pending Home Sales Rebound
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Rknigh2 replied Aug 29, 2012Holding the Long for now. I'm a little uncertain about where the floor could be today... .9870 holding for now... Trading the range til thurs night still. 9850 should be solid until we get some Jackson Hole talk. image
USD/CAD
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Rknigh2 commented Aug 29, 2012As CAD climbs 20 pips against USD, haha
Canada Industrial product and raw materials price indexes, July 2012
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Rknigh2 replied Aug 28, 2012Took a while to produce any positive pips. Should have added more at .9950, but I was a bit overleveraged from .9900. If it consolidates and ends the day around .9850 I'll initiate a small long.
USD/CAD
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Rknigh2 commented Aug 28, 2012I'm always skeptical of the consumer confidence. It's always been my experience that the majority are ignorantly unaware of what they want or need.
The Conference Board Consumer Confidence Index Declines in August
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Rknigh2 replied Aug 28, 2012More (?) clear... haha. I'm lost. I like the idea of circular trend lines though. I just don't know how to extract any information from it yet

USD/JPY Discussion
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Rknigh2 replied Aug 28, 2012Cannon ball!!! Short TP just missed .9850, out at .9858 for now. Maybe re-initiate at .9875 with an aim at .9840. Long at .9810 if it rockets that far.
USD/CAD
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Rknigh2 commented Aug 28, 2012Very quick rise from poverty to middle class? Same type of phenomenon with 1st generation immigrants to Canada/US. Arguable a very good thing. Just not in the eyes of the over-leveraged western world. Very interesting at the very least

Why do Chinese households save so much?
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Rknigh2 replied Aug 27, 2012Italian stocks that primarily do business in more stable/growing countries are my top choice. A decent amount of Spanish and Italian companies have had their share prices hammered when their fundamental business has remained relatively untouched. ...
Would you buy Italian stocks?
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Rknigh2 replied Aug 26, 2012I'm still bearish USD/CAD. Last week's bounce off .9840 and consolidation just illustrates the massive move down (the past 5-6 weeks) ran out of rocket fuel. I can't see the pair moving up with a majority analysts putting QE3 at 70-90% chance. I ...
USD/CAD
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Rknigh2 commented Aug 22, 2012I like the words like "soon". It's a reassurance that we can continue on this slow fearful growth with the confidence the fed will pump more stimulus action if the slow growth disappears. (they actually said "if it doesn't improve substantially", ...
Minutes of the Federal Open Market Committee