Canuck Buck
#1
Posted 20 March 2007 - 02:07 PM
#2
Posted 20 March 2007 - 02:15 PM
No one talking about the move today in the Canadian (and Aussie) dollar(s)? The Aussie dollar has had quite a run. Looking at all the currency charts it looks like the dollar is headed for its late 04 lows for a retest at minimum.
I have C$ turning upward tomorrow 3/21; not sure about the US$ as I usally stay away from it during March because of the volatility from Japanese book closings. Personally, I am waiting to April 4th to establish a US$ position....MDW
Be Sure to Perform Your Own Due Diligence
#3
Posted 20 March 2007 - 02:33 PM
Russ
No one talking about the move today in the Canadian (and Aussie) dollar(s)? The Aussie dollar has had quite a run. Looking at all the currency charts it looks like the dollar is headed for its late 04 lows for a retest at minimum.
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
#4
Posted 20 March 2007 - 02:40 PM
#5
Posted 20 March 2007 - 03:36 PM
I have C$ turning upward tomorrow 3/21; not sure about the US$ as I usally stay away from it during March because of the volatility from Japanese book closings. Personally, I am waiting to April 4th to establish a US$ position....MDW
I moved some more $CDN over to our $USD account today. I have been doing this gradually over the last few months. I should have been more aggressive buying USD/CDN at the $1.12 - $1.13 level. That was the 3 year trendline break and backtest region.
cheers,
john
Edited by SilentOne, 20 March 2007 - 03:38 PM.
#6
Posted 20 March 2007 - 04:24 PM
#7
Posted 20 March 2007 - 07:57 PM
This has taken a long time to come around. Looks good now, but I haven't felt that way since mid-2005, as far as timing. More than half my net worth is invested in Canada.
Very long-term, Canada is a resource-based economy, with a gov't surplus. Well, they say they have a surplus, anyway. Compare that to the US. Heck yes the C-$ ought to go up.
Best,
Doug
#8
Posted 21 March 2007 - 06:15 AM
I think the $CDN will eventually trade down to the $0.80 level first. Then it could be a trading range between there and the high until it decides to make a run to parity. It could take a while.
We keep our RRSPs and some small accounts in CDN. But our trading/investment account swings between the two currencies.
cheers,
john
Edited by SilentOne, 21 March 2007 - 06:18 AM.