Some thoughts. Oil is a commodity and is affected by supply and demand, if supply exceeds demand and price elasticity is very low, then price will fall hard. But CAD is a currency, and CAD economy is not all about oil, even if oil gets hammered, the ...

USD/CAD

And in a blink of eye, it hits 1.465

USD/CAD

Meanwhile, over the weekend, USDCAD already hit 1.46, and what's next? This bloody monster just gets more nutty

USD/CAD

Thanks! I love it too

USD/CAD

CAD USD bond yield differential is widening, as if market is pre-run a BOC rate cut next week. This is crazy. I think BOC should raise rate, if CAD continue to fall, it simple will driven all inward investment away into US.

USD/CAD

Gold bounced $20+, oil bounced 20 cents?! Clearly they are in different markets now.

USD/CAD

Now US data comes out bad, "it goes up when news are bad, and it goes up when news are good", right??

USD/CAD

At this rate, soon your local frontcourt will pay you to refilling your car!

Oil and Natural Gas

Let's play this "Call the top" game once more. I have 1.4539 on my chart, and we got that today. Let's see what it will do, I am anticipating a very very very shallow retracement and then rush to 1.5 or something. Oh my, that's fun.

USD/CAD

Whatever is going on here, it is both sentimental and educational. Technicals do not work in front of a crashing fundamental train. Emotional rules everything, even fundamentals. Classic.

USD/CAD

It will probably reach 1.45 first, watch it, no sign the momentum is fading.

USD/CAD

The best of all would be a monstrous snow storm that drops the temperature of entire north America by 20-30 degree C, that will help burning through the fuel storage faster than what is priced in.

USD/CAD

Lol, I see revolution coming.

USD/CAD

Sorry, I meant "UC made new high, despite oil didn't make new low" Level I watch now. 1.4404, then 1.4549, maybe 1.5091 as well, this pair is crazy now.

USD/CAD

What's going on with USDCAD? I am completely lost. This relentless push, well into US session, despite oil not making new high, smells dodgy to me? is this the final push?

USD/CAD

This is pure madness.

USD/CAD

Dano your chart is spot on, it bounced right after your post, like you pressed the "buy" button for whole bunch of buyers

USD/CAD

Clearly everybody's fked up by the fed, difference is, some are enjoying it, like UK.

Cable Update (GBPUSD)