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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 3119
Forum Topic:

Commodity FX (CAD AUD NZD NOK)

Discuss Commodity FX (CAD AUD NZD NOK)
 
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Ashraf Laidi
London, UK
Posts: 0
10 years ago
Feb 27, 2014 18:50
The Canadian dollar awaits Friday's release of December and Q4 GDP, which could be the worst reading in 6 months. The bullish bias of the pair is especially highlighted by the fact that it took as many as 12 sessions for USDCAD to drop 2.8% earlier this month, but took as few as 3 sessions to pare back all those losses.

www.cityindex.co.uk/market-analysis/market-news/25215292014/canada-gdp-seen-boosting-usdcad/?cid=0000215115


Ashraf
Qingyu
manchester, UK
Posts: 1763
10 years ago
Jan 24, 2014 13:29
In reply to Rezz's post
why blame? fat rats carry their saving spend in ur country, more jobs without print money, u should happy.
Rezz
Vancouver, Canada
Posts: 53
10 years ago
Jan 23, 2014 20:52
Immigrants are loving USDCAD above 1.10, Homes 10% cheaper for the RMB funded cash buyers! Mortgage lending rules were made strict last year and this has tempered house inflation. One thing with Canadian retailers is they look for any excuse to raise prices and now they have it with the exchange rate being as such! I wouldnt be surprised to see inflation ticking up in a few quarters once data comes out.
Ashraf Laidi
London, UK
Posts: 0
10 years ago
Jan 21, 2014 17:38
Sure thing

Ashraf
Ashraf Laidi
London, UK
Posts: 0
10 years ago
Jan 16, 2014 17:43
COMMODITIES CURRENCIES LOOK AHEAD:
http://www.cityindex.co.uk/market-analysis/market-news/23125832014/commodity-currencies-look-ahead/


Ashraf
Ashraf Laidi
London, UK
Posts: 0
10 years ago
Jan 15, 2014 15:08
there are about 5 reasons why CAD will continue to underperorm most currencies this year. Some are evevn talking about Canada importing more Iphones than exporting Blackberries.


Ashraf
DaveO
N.Cornwall, UK
Posts: 5733
10 years ago
Jan 11, 2014 21:47
In reply to Rezz's post
Rezz, let's keep our eye on it. I shouldn't be surprised if NFP #'s are explained away over the next few days.
Rezz
Vancouver, Canada
Posts: 53
10 years ago
Jan 10, 2014 17:54
In reply to DaveO's post
Thanks Dave.. its always tough to pick a bottom as you say. My call was based on the yield differential on Aussie and NZ 10 year bonds being only 40bps, and under 4% price difference over 10 year bonds which no longer justifies the relative valuation. In any case after todays poor NFP, deflation is still in play which can depress the short term NZD yield outlook. JPY crosses looking vulnerable after NFP
DaveO
N.Cornwall, UK
Posts: 5733
10 years ago
Jan 9, 2014 11:02
In reply to Rezz's post
audnzd weekly H&S target I still have outstanding at 1.0665, current price at 1.0755 so almost there. Mind you there is scope for some tolerance being required for such a large move so bottom picking probably not wise. A move above 1.0915 would alert.
Rezz
Vancouver, Canada
Posts: 53
10 years ago
Jan 8, 2014 23:14
"This could be the hottest currency trade of 2014" - CNBC http://www.cnbc.com/id/101304920

With headlines like these its time for reversal esp with over aggressive rate hike forecasts on NZD that wont materialize fully ... AUDNZD safest to go long with 1.14 medium term target.
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