Thread: Discuss the AUD/USD, NZD/USD , USD/CAD and more

Originally Posted by AyoBro

Update..............

,,Go ahead switch the style up' And if they hate then let them hate and watch the money pile up''

nice signature...i like itt

I dont have much time here but I'm going out on a limb here and say that CAD CPI will be UP and exceed the expectations of 3.4%

Also, I will say that the difference between the Fed discount and BoC rates could WIDEN over the next year, by MORE than the 41 BP currently priced-in by markets, especially if USDCAD can hold up (markets currently price-in BoC 71 BP rise and Fed 30 BP rise by April 2012).

^
Rats on the cpi @ only 3.3% (core unchanged). Oh well, I actually want USD to recover, that would be good for the world I think.

Canada gets a long holiday weekend yay (for Queen Victoria's birthday - so quaint and colonial lol)... so enjoy !!!

USD/CAD 4-Hour Chart: If CPI is Less than Expected the Dollar Could Rally Against CAD

Originally Posted by Gregory McLeod

USD/CAD 4-Hour Chart: If CPI is Less than Expected the Dollar Could Rally Against CAD

A sustained USDCAD rally would ultimately be supportive of my outlook for the Fed-BOC rate differential (below). I think the USDCAD exchange rate and concern about any US economic weakness is all that is holding BOC back from hiking. So USDCAD could face stronger headwinds the more it rises.

Originally Posted by SkiBunny

the difference between the Fed discount and BoC rates could WIDEN over the next year, by MORE than the 41 BP currently priced-in by markets, especially if USDCAD can hold up (markets currently price-in BoC 71 BP rise and Fed 30 BP rise by April 2012).

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Originally Posted by SkiBunny

A sustained USDCAD rally would ultimately be supportive of my outlook for the Fed-BOC rate differential (below). I think the USDCAD exchange rate and concern about any US economic weakness is all that is holding BOC back from hiking. So USDCAD could face stronger headwinds the more it rises.

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it looks like the USDCAD has cleared its downward channel but it has not really yet established an upward trend... that was a good call on a short term bottom at .9450 you made a few weeks ago

AUD/USD 30-Minute Chart: Bears Could not Keep "Down Under" Currency Down Under the 200 SMA

Greg.... is that a Live account?

One more push then down she goes.

Originally Posted by Ikee

One more push then down she goes.

1.0750 to confirm up trend. 1.0580 to confirm down trend.

Originally Posted by Ikee

One more push then down she goes.

Looking at the chart below, is it possible that 3 is not yet complete & that 3 should be where 5 is ?? Any E W experts got an opinion on this ??

One interesting thing, considering Aussie seems to follow Gold in a nice "late fashion".
Gold pushed up through lower highs resistance - Aussie didn't do that yet. I would expect Aussie to go over 1.075, but whether it will keep up or go down after, we'll see.
On D1 chart, BTW.

Originally Posted by Mary R

it looks like the USDCAD has cleared its downward channel but it has not really yet established an upward trend

Great chart and observation, thanks. Has to clear .982 then should attack parity. I bet clifton davis an all-paid beach vacation to jamaica that UsdCad will go to parity before 0.90, which he and I both think it is ultimately headed.

Watch commodities. If you believe in long wave, apparently commodities last peaked exactly 60 years ago last week. So the commodity super-cycle might be over (also Chinese economy is gradually transforming into one that will be less commodity-intensive). CCI looks like either a double-top or a bear trap, we will soon see. I think that maybe instead of seeing broad strength across commodities like before, now you might have to be selective with commodities like in a “stock pickers” market as there will be individual commodity winners and losers.

Originally Posted by Ikee

One more push then down she goes.

Yup

Then upp we should goo

I am seeing the NZD/USD with a target of around .7840 early Europe session. around or by 6 am EST.
Any thoughts?