Archive for Canadian Dollar

What Currency to Buy if Non-Farm Payrolls are Strong?

Barclay’s argues that if non-farm payrolls surprise to the upside, the Canadian dollar will be the best performer.
How does an investor position for such an upside surprise? The temptation is to be long the USD against a currency with a high sensitivity to US interest rates such as the JPY. However, with the [...]

Update on Bearish EUR, AUD and CAD Calls

I have received alot of notes on my bearish AUD, EUR and CAD calls, so here is a quick update. If you missed the call, I’ve copied all the info below. Updates in RED.
1) Short EUR - Looking good. Would be smart to take off half here, still looking for [...]

Video: RBA and BoC Rate Decisions

I was on BNN this morning talking about the currency implications of today’s rate decisions from the Reserve Bank of Australia and the Bank of Canada. Click on the image to access the video

Bearish AUD, CAD and EUR

Fresh back from vacation in the Sunny Caribbean - here are some trades that I like off the bat:
1) Short AUD - After last week’s disappointing GDP, retail sales, service and manufacturing PMI reports, there is no chance the RBA will be talking about another rate hike this evening. The last time we heard [...]

Why Risk Appetite Held Steady

I was on the Business News Network this morning explaining why currencies shrugged off the turn in equities. Click on the image to access the video:

USD/CAD Hits Targets - Update

If you caught my post last week, I said my favorite trade at this time is short USD/CAD. I was looking for a move to 1.0150 (at that time it was at 1.04), which was reached earlier today. Here’s the chart. Here’s the USD/CAD setup. It could still head lower. The [...]

Payrolls, Greece and USD/CAD

So My Favorite EUR/GBP Setup was a complete dud - but you win some and you lose some .
Here are some recent sound bites from articles that I have written on Non-farm Payrolls, Greece and Beyond
If Non-Farm Payrolls Was Strong, Why Did the Unemployment Rate Rise?
We saw an erratic reaction in the forex [...]

Reaction to Greece Bailout Package

I was on the Business News Network talking about the implications of the EU/IMF bailout package for Greece. Click on the image to access the video:

Outlook for Canadian Dollar - Life Beyond Parity

I was on the Business News Network this afternoon talking about the outlook for the Canadian dollar and whether the loonie will experience a sustained break below parity. Readers of my blog will know that I have been anticipating this move for some time! Click on the image to access the video interview. [...]

My Favorite Trade Update: CAD Closing in on Parity

Sorry I haven’t blogged as much in recent days but I have been swamped with gearing up for my trip to Singapore later this month - I will be speaking at the ATIC expo, so come by if you are around.
First an update of My Favorite Trades. In mid March, I moved on [...]