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This thread was started in response to the Analytic:
Speculators' Futures FX Positions
The weekly figures on traders' futures commitments obtained from the Chicago Mercantile Exchange's International Monetary Market shed valuable light on the developing flows pursuing one currency versus another.
What's your view about long CAD/USD - energy play. Plus it seems CAD has a better account and fiscal balance than compared to USD? Or you think this has been played out. Is there any upside for a long term investor in this pair?
Following your comment the pace of the decline in USDCAD from 1.30 to 1.10 in 13 weeks was rapid, but as rapid as the rise from the 1.0580 low in October to the 1.3020 high in October, which lasted only 4 weeks
But when the Usd/cad reached 1.302 in October it was followed by correction of 1500 pips, do you see the same thing happening now upon USD reach 1.08-1.03 level.
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