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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 3119
Posted: Feb 22, 2010 5:00
Comments: 3119
Forum Topic:
Commodity FX (CAD AUD NZD NOK)
Discuss Commodity FX (CAD AUD NZD NOK)
Thanks for the comment. Not a good one but surly not that bad. Not every prediction will work out for big profit. I understand that. keep on your good work!
Farzan, CAD fundamentals are looking better but regarding USDCAD, Im hesitant to call a breach below parity at this point. Canadians could against start to talk down CAD. So Im basically indicating that USD has more upside ahead of it but NOT against CAD and CHF.
Callum, US NFP was better than exp (losses were less than exp) an dhad it not been for the snow, it would have been even better. The discount rate will be raised again (due to its spread with the FedFunds as seen in earlier IMT). And so will china.
Ashraf
Just curious whether traders are propping ASX until it reaches 5,000 level?? Kudos to those Westpac guys this month!
I am also curious if there is some fundamental shift here given that this month neither good jobs at NFP, retail nor relatively predictable FOMC mounted a significant rally in the USDX unlike earlier months this year??
Ashraf