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!
Observations +Oil rinse and clean soon. Remarks Though CAD cuts rates due to global slowdown due to COVID 19 some serious recovery soon thinkable and unavoidable When is the question to be asked now?? As of writing USDCAD EURCAD GBPCAD CADJPY CADCHF (Bit beware of CHF may be a different story) AUDCAD NZDCAD
www.macleans.ca Today Canadian households are carrying more than $2.9 trillion in consumer and mortgage debt, nearly double their debt load before the Great Recession hit, which makes every cut that much more powerful.
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!
We are expecting one the 2 secnairos will happen, according to the next moves.
Canadian Dollar Index At channel support Lets see close price action and be ready for USDCAD down