Andrew Busch
Andrew Busch
dollar finger greenspan messy painting speaks trading until
Until Greenspan speaks on Wednesday, dollar trading will be like a kindergarten's finger painting -- messy with not a lot thematic clarity,
believe canadian cent continue decline dollar gradual lose parity per pieces somewhere start strengthen territory
The pieces are in place for the Canadian dollar to continue to strengthen and the U.S. dollar to continue to lose ground. I believe that we are in the start of a gradual decline of the U.S. dollar that will take us somewhere in the territory of parity ? we are only 10 per cent away from that now.
bank canada canadian demand dollar gas gold positives prices raised supported year
The Canadian dollar has been supported by a lot of positives this year as prices of oil, gas and gold rose. Bank of Canada has raised rates; that also boosted demand for the currency.
bit bought dollar miss
If you take the two together, you didn't miss by much. Initially, there was a little bit of dollar selling; then it was bought back.
against bear brunt dollar euro primarily
The dollar sell-off against the euro makes sense because it is primarily the U.S. that is going to bear the brunt of the problem.
change dollar early far news plan reserve south
The dollar is under pressure. This started early in the Far East, with news of South Korea's plan to change reserve ratios.
canadian dollar far gas general gold natural selling
In general if you see oil, gas natural gas and gold all selling off you know the Canadian dollar is probably not far behind.
basis certainty dollar fed groove initially pause people profits provided raising reason saying sell shorts
Initially it provided a basis for people to take profits on their dollar shorts because what the Fed was saying was they may not know with certainty that they will pause (in raising rates) and ....therefore there's no reason to get your groove on and sell dollars.
growth strong
There's strong growth and no inflation. It doesn't get any better than that.
jobs moderation number soft support
Today's jobs number would support the idea of a soft landing, or at least moderation in growth.
canada commodity energy gold hurting markets seeing volatility
We're seeing volatility in the energy markets and commodity markets with gold being part of that that's hurting Canada.
bottom clearly hurting worst
It's the worst of all worlds. Clearly there's been a deceleration of the manufacturing sector. That's hurting the dollar, bottom line.
breakdown critical hours next
Next 24 to 48 hours critical for a breakdown for the U.S. dollar.
building looked officer police walked
A police officer walked around the building and it looked solid,