After ECB's Costancio commented "Forex market interventions could be warranted if FX swings threaten ECB price stability. ECB welcomes US statements that strong dollar in US interests. Welcomes China"s commitment to more flexible FX regime. ECB & US ...

USDCAD trend reversal?

Hey Scare, Your analysis looks good. I am seeing bull divg. on weekly tf...although still room to head a bit lower on dailies though looking more mixed than anything. Hourlies still trying to work oversold out to neutral... I'm looking to get short ...

USDCAD trend reversal?

Hi Guys, Lots of interesting stuff out there these days! USD/CAD looks tempting to go long, but I'm waiting for a retest of 1.0205/1.0225 lows of this and last year which are pretty nearby and warrant a revisit. I think downside is likely to be ...

USDCAD trend reversal?

I'm in! Sounds profitable, and as a snack we could offer wills... Foto: Interesting insight! Acouple more links if anyone wants a good read: url url I haven't been dipping in the USD/CAD pond recently...been shorting EUR/USD and trying to catch ...

USDCAD trend reversal?

Could have been that the 'whisper' number was calling for a larger increase than the actual. Another possibility, which is similar, is the market was expecting this as oil sold off yesterday vs. today.

USDCAD trend reversal?

Here's something I read on it: Judging by the overnight round of SNB intervention to support EUR/CHF when it had the audacity to trade all the way down to 1.4617 versus the previous eleven days" lows in the 1.4630-50 vicinity, "excessive", the word ...

USDCAD trend reversal?

An article some might find interesting... — url

USDCAD trend reversal?

Great input Jerome! I love hearing people's insights on the options...Want to start trading forex options in the near future, so the more info/insight, the merrier. Cheers

USDCAD trend reversal?

This pair has just been schizo. today. I was gonna get short earlier, but just didn't have confidence in the direction today. Sat out... Hope that long pans out for you! My only concern would be that it looks like it's going to close around the ...

USDCAD trend reversal?

I've always found that broader economic themes seem to take the back seat for awhile and then suddenly come to the forefront for almost no apparent reason. Case in point are the PIIGS. This was old news and had been written about many times in the ...

USDCAD trend reversal?

EUR/CAD just looking sickly...One of the traders at work said he read something about EUR heading to parity over the next 18 months... Not sure where he read this or if he was talking about USD or CAD...Interesting though. As for continued CAD ...

USDCAD trend reversal?

Hi Duce, Just curious, but have you ever thought about doing forward contracts to lock in the rate on your A/Rs? Seems like they would a perfect fit to hedge your exchange rate exposure... Typically you put 5% down as a deposit and then when the ...

USDCAD trend reversal?

Sometimes you just have to shake your head and wonder what the hell is happening. Some of the CAD strength could be as you suggested - flight to quality. And I think the rest could be explained away from gold, oil, and stocks rallying throughout the ...

USDCAD trend reversal?

Looking pretty still, isn't it? Last three hours a huge range of...10 pips! Bloody exciting! Duce, I am looking to get short here, too. Although, I'm waiting to see if this USD/CAD thing will pop a wee bit higher to 1.0520/25. Preferably a jaunt up ...

USDCAD trend reversal?

Wholeheartedly agree. Some interesting ideas bouncing around! Scare, sorry to hear about your mum.

USDCAD trend reversal?

Hi Duce, Sorry for your loss! I'm looking at the 1.0690-1.0715 area and thinking about jumping in on a failurre...I'm with you as far as trading the Asian session goes, but once in a while I might dive in. Regarding the short idea, with trade ...

USDCAD trend reversal?

FYI — It appears EIA oil inventories data delayed until Friday.

USDCAD trend reversal?

Hey Duce, I've never read your posts or seen you on here in the last little bit that I can remember, but welcome (back). Some interesting posts so far, though. I was thinking of getting short USD/CAD at current levels...I was slightly bullish yest. ...

USDCAD trend reversal?

hahaha! My god! Some people are so...naive? thick headed? stubborn? I remember the first and last time I hedged a few years back. I think I was in the 'hedged' position for about 5 minutes before I thought to myself that this 'hedging' idea was just ...

What's the point of hedging?

Interesting rehash, although the majority is old(er) news. For China, I'd have to agree that from their perspective a strong buck and weak yuan is in their best interests not only for exports but also to retain the value or their 700B+ (closer to ...

USDCAD trend reversal?