THE CANADIAN LOONIE WILL CONTINUE TO FALTER AGAINST WESTERN CURRENCIES, ALTHOUGH IT WILL BEGIN TO STRENGTHEN AGAINST THE U.S. DOLLAR! HYPERINFLATION IS IN CANADA'S NEAR FUTURE!
REGARDLESS OF THE DOLLAR'S STRENGTH AGAINST OTHER CURRENCIES, THE CANADIAN LOONIE WILL SHOW MASSIVE WEAKNESS! SHORTING CAD WILL BE AN EXTREMELY PROFITABLE TRADE AS CANADA WILL BE THE FIRST WESTERN NATION TO EXPERIENCE HYPERINFLATION THIS DECADE! THE CANADIAN ECONOMY IS EXTREMELY FRAGILE, INEFFICIENT AND LACKS PRODUCTIVE DIVERSITY! NOT TO MENTION FASCIST AS HELL!
80% OF CANADIAN BUSINESSES WERE CASH-FLOW NEGATIVE...BEFORE THE LOCKDOWN BEGAN! IT'S THE LOONIE'S VALUE OR CANADIAN CORPORATE BOND VALUE...YOUR CHOICE BANK OF CANADA!
EXPECTING A BOUNCE HERE, BUT THE TREND IS MASSIVELY BEARISH! THE CANADIAN LOONIE IS THE WEAKEST CURRENCY IN THE WESTERN WORLD, EVEN WORSE THAN THE AUD (IT MAY NOT SEEM IT YET, BUT JUST WAIT!) THERE IS A GOOD CHANCE GEORGE SOROS IS BETTING ON A CURRENCY CRISIS HERE JUST LIKE ENGLAND IN THE 1970s!
Since yesterday, by and large, was the first full day of working out the Fed’s emergency decision to lower the rate by 0.5%, today some results can be summed up. And they are generally disappointing for optimists. In theory, stock markets should have perked up and provoked a sharp increase in stock indices. But this did not happen, that is, there was growth, but...
WAVE COUNT SEEMS PRETTY GOOD! CANADA'S ECONOMY IS ABSOLUTE GARBAGE, OPERATING WAY BELOW POTENTIAL! BOC HAS BEEN MONETIZING FEDERAL DEBT FOR A DECADE! I AM BY NO MEANS U$D BULLISH BUT CAD IS GOING DOWN THE TOILET!
BANK OF CANADA DIRECTLY MONETIZING FEDERAL DEBT FOR A DECADE! NEGATIVE REAL ECONOMIC GROWTH! NEARLY UNPARALLELED DEMOGRAPHIC PROBLEMS! HOT TAKE: CANADA IS THE NEXT VENEZUELA!
The main event of yesterday in terms of macroeconomic statistics was the publication of statistics on the UK labor market. The data pleasantly surprised. Recall that we expected rather weak statistics - the British economy has been painfully unconvincing in recent times. Nevertheless, the UK economy for three months until November created 208K new jobs, which is...
We start with macroeconomic statistics, it is worth noting the extremely weak employment rate from ADP: +67 thousand jobs with a forecast of +135 thousand. So, buyers of the dollar should at least focus, because if similar statistics come out on Friday on the NFP, the dollar may well be sold out. Statistics on business activity in the Eurozone came out...
BoC rate decision is the main focus today. For the past 2 weeks, USD/CAD has been traded in a tight range and while no changes are expected from the central bank, Governor Poloz's speech will be watched closely. He could continue to talk about the possibility of an “insurance cut” in coming months, as uncertainty of trade war persists. If Poloz focuses on the...
Testing the down trend line again. 1.74 level resistance. Bank of Canada today, rates expected unchanged, so it is all about the rhetoric of the statement. Short offers best risk-reward. Break of the resistance for a long. GBP spiked this morning on expectation of conservatives wining in a poll published in the 'Sun' newspaper. Good Luck!
The previous week for the foreign exchange market was marked by record-low volatility. Even the blackest Friday of the year did not desire to buy or sell actively anything. The informational background of the week was relatively calm. Negotiations between the US and China were moving somewhere, according to the assurances of the parties. But the markets are tired...
Let’s analyze the key events of yesterday. Consumer confidence in the Eurozone is rather depressed, as indeed the entire economy of the Eurozone. But at the same time, the euro did not show any specific movements. The dollar, on the contrary, despite the relatively good statistics, was losing its way. Preliminary data on US GDP for the third quarter came out...
Before moving on to the main event this month, and perhaps the next one too, we will talk about yesterday’s events. As usual, the most interesting news is coming from the UK. Johnson could find support for his idea of an early election. So in December, the British are expected to have the third parliamentary election over four years. According to some experts,...
The Brexit date is set to be delayed until 31 January Again. Johnson, as promised, asked parliamentarians to call early elections in December. He has failed to win on Brexit. Johnson said that he would make another attempt today and said that without early elections, it would not be possible to ratify the agreement with the EU. Today will be the last relatively...
Despite the rally in risk assets, the negatives that sent the EUR lower have not changed. The economic gloom in Europe remains and, despite the north-south divide on the ECB board, many still expect policy easing, if not in September than before year-end as Christine Lagarde ascends to the presidency. Thus EUR/CAD is likely to continue to trend lower. Larger...
The dollar we recommend to sell against the main currencies duo to reasons absence (we still see no reasons for the Dollar Index new highs ).With the exception of the Canadian dollar. Extremely weak data on the labor market in Canada, published on Friday, amid excellent statistics on NFP from the United States, together with today's meeting of the Bank of Canada,...
In this video, we take a look at the current CADJPY position. Price is near 1:1 risk to reward and we could look to move stops ahead of the BoC rate announcement this week. The Daily and weekly charts suggest the CAD strength will continue here so we are happy to hold this trade.