Dear Readers Canadian Dollar has reached the levels from which only bad things can happen. While there is an outside chance for USD/CAD to go to 1.02 the level around 1.0650 is most likely where this currency stops. We are in the area now. Start the countdown. Remember our post "Bruttish Death of British Pound"? Well, you know what happened to BP after that? Same with CAD, soon.
Also look at JPYen, this currency has enormous support around 122. I could be the final post on which the world stock markets hang. A jump of YEN from here, could do more damage to markets then CHINA market decline could ever contemplate!
Good Trading
5 comments:
boris, if ur right about the cnd then would that also signal the end of crude?
how low do u think the Cnd can go?
c
boris...sorry one more question...i often get confused at your time frame when u make calls...r u saying the bull market in the cnd is over?
tks
c
Yes, Dear Curt, We called the end of energy just around this time. End of XOI/XOM/CVX and all the X's OK. And welcome Back Dear Curt.
Is the temporary top in CAD is here. But you know the top comes early next year, right.
Good Trading
Oh, Yes, Dear CUrt, 5% retracment of the top will be nice for CAD.
Good Trading
boris....interesting....BofC is thinking of raising rates....housing out of control, inflation a worry...timing of govt move as usual wrong and possibly fatal.
c
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