Andrew Busch
Andrew Busch
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.
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,
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.
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.
begin coming data easing focus high japan later likelihood market next people stop unwind week
People are coming to the realization there is a very high likelihood that the BOJ next week are going to stop quantitative easing or begin to unwind it, and there is a lot of market focus on Japan CPI data later this week.
jobs moderation number soft support
Today's jobs number would support the idea of a soft landing, or at least moderation in growth.
breakdown critical hours next
Next 24 to 48 hours critical for a breakdown for the U.S. dollar.
aid billion fed katrina problems
The Fed is back to tightening, ... $200 billion in aid more than offsets any problems of Katrina on GDP.
continues favor yield
The yield differential continues to favor the U.S. dollar.
growth strong
There's strong growth and no inflation. It doesn't get any better than that.