FX:USDCAD   U.S. Dollar / Canadian Dollar
december 29 -2019 we saw the first cases of covid-19, since then usd/cad has gained around 13% and we see when stocks are down, usd/cad is up and the exact opposite. because usd is a ¨safe haven¨. And stocks are down when we see more virus cases, like this weekend. And as we know when stocks is down usd is up, so that means more virus cases-more gains for usd. But when we the coming weeks will (probably) see the US suffer badly from the virus it will be interesting to see what happens to usd. Around 70% of economy is driven by costumers (taken from a bad source), but now they are stuck at home. So what will that do to the economy, and what will that do to the dollar. We haven't seen this expensive prices since a very long time in usd. So we have a few interesting questions to a interesting case. But don't forget the trade war as well, which has affected the dollar (usd) and could have an effect longer term.
So right now we have a very expensive dollar (usd), with a lot of coming problems with the virus, which will lead to a bad economy. In the US Trump (president of the US) is not trusted by (what it seems) many, and he is in a trade war with China. Right now the US seems pretty weak. So does this sound like a good time to invest (short) to you now when we have a expensive dollar (usd) but with a ¨weak¨ country and economy?

(do your own research)
(i have a history of being wrong in the market)
Comment: what we need to have in mind as well is that maybe stocks go down even further which should drive usd higher, so im not telling anyone this is a short recomandation. Because we can't know that by this time. sit tight y'all and do your research properly

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out