CAD

[farming101]

June Canadian dollar outside day higher so far.
Canola Higher.
Basis narrower (some places anyway)

A Win, Win, Win day!

Is it here we go or look out below?

[Guest]

thought it was a "canuckustan peso " lol

[farming101]

12% increase since Jan 20 and still only .76 US
Now it is a Peso spelled with a big P!!

[errolanderson]

domino impact from Yellen's 'no rate hike' announcement at noon that dropped the U.S. dollar immediately, drove gold $20 higher in minutes, rallied oil while the loonie rocked more than a penny higher into the close.

If investors are this skittish over a no Fed rate hike monthly meeting, wait until the day stock markets break again. It will be interesting . . . .

[errolanderson]

Fed statement has triggered massive currency market volatilty overnight.

U.S. Dollar fallout

[farming101]

Canadian dollar on a 'mini-tear' this morning.
A close over 76.40 CADUSD in the forex markets today and tomorrow
opens up 80 cents as a possible target.
Next resistance in the 78 cent area.

Bean oil up nicely. Canola may go along for the ride in spite
of the continued CAD strength.

[errolanderson]

precious metals exploding higher on investor fear. gold volatility again extreme. u.s. dollar may be in-trouble.
meanwhile, the ECB is flooding equities with freshly printed Euros supporting stock markets. a royal economic mess . . . .

global reality appears caught-up with janet yellen . . . .

[Flatlander]

CRIT or China Russia India turkey are all adding to gold reserves. Canada sold all but 77 ounces of our gold reserves last month. Who is right here? Some countries are going to lose in this some will win. People talk about environmental rules, regs, and taxes shifting wealth from north to south. How about the trade of the wests gold to the east in exchange for paper? Paper backed by governments hooked on deficit spending and armies that have not had any thing to brag about since the 1940's. PM back in USA, this time not to see POTUS, but to lever up the bit of cash from gold sale with big time loan for massive budget blowout

[sumdumguy]

CAD - 76.9443 last check.

[errolanderson]

CAD - 76.9443 last check.

U.S. dollar takes a big hit . . . but Japanese Yen, Euro and commodity-based currencies jump. Japan and Euro do not want stronger currencies. ECB flooding the market with freshly printed Euros, but their currency continues to gradually rebound. An escalating global currency war that will have no good ending . . . .

[cottonpicken]

That's a pretty sketchy close on the cando compared to the usdx dropping so much something doesn't feel right imo

[cottonpicken]

Metals on the other hand

https://www.youtube.com/watch?v=jsaTElBljOE