My Canadian Stocks got killed while the loonie was rising, how come I'm still losing money on my Canadian Stocks now that the loonie is coming back to earth...sell, sell, sell...
Almost there...doesn't get much closer than that...is this good news for Canadians living in DR...I'd think if you're retired that stronger is better...right?
Close but no cigar!
DEC futures hit 1.0002
We did retrace almost 950 PIPS from the top, perhaps a correction to 1.0240, 23.60%? Keep an eye on Crude.
It's interesting Cambistas are now trading the Loonie vs RD pesos now
tambo'
It looks like it will consolidate around parity, perhaps trade between .98 and 1.02 for a while......are you trading it? IMO, it has one more leg to go!
I should be trading it but I don't trade on the Forex...just equities. I keep my eye on currencies because they effect equities. When you where talking about "PIPS and retracement" I figured you were trading it. I agree that the two currencies will probably consolidate around parity.