USD Fx.......

[farmaholic]

Gotta wonder where its going.

Does anyone think it will narrow?

I think we need economic and political "climate change" in Canada if you want to see it narrow.

Depending on what you want and your end goal will determine what you want, pros and cons.

[Hopalong]

Like many other markets, think exchange rate about as likely to go either way.
As to benefit or value from travel, best part for me has been to show how good we have things in Canada and on our own farm. Was age thirty five before I was off prairies, glad to have lots of travel opportunity since then.

[biglentil]

Gotta wonder where its going.

Does anyone think it will narrow?

I think we need economic and political "climate change" in Canada if you want to see it narrow.

Depending on what you want and your end goal will determine what you want, pros and cons.

Yes I do think it will narrow and soon, commodities are at an all time low against the high USD. The Dow just had its worst week since the crash in 1929 mostly because the Fed raised rates by a wopping .25%. Its getting nasty and as soon as the Fed reverses its QT(quantitative tightening) look out below USD. Commodities priced in USD will rocket higher bringing the CAD along with it. China (worlds largest oil importer) has recently halted purchases of US oil and purchases all from Russia and Iran in their own currency now. This puts added pressure on the supply and demand fundamentals for USD. The trade war has transitioned into a currency war.

PS: Gold is near an all time high in CAD, up $135 an ounce in the last 60 days alone. Virtually no mainstream commentator predicted gold would significantly outperform everything else in the face of rate hikes. Just watch what it does when the fed has to admit defeat and drop rates.

[ajl]

Dow up almost 1000 pts today. Santa was a little late today. Apparently it will take more than 25 basis points of interest to stop the worlds largest economy. Bit of a scary drop though.

[farming101]

Dow up almost 1000 pts today. Santa was a little late today. Apparently it will take more than 25 basis points of interest to stop the worlds largest economy. Bit of a scary drop though.

After the world ended on December 24 I wasn't sure what to expect next....

[farmaholic]

After the world ended on December 24 I wasn't sure what to expect next....

Volatility?

Next will be a negative wave after the tsunami.

[ajl]

The US market was getting overbought so it was due for a correction. Charts suggested it was oversold on Monday so was expecting a bounce today but did not expect this big of one. Fundamentally the US although it has obvious problems, remains strong so I suspect that it will slowly drift higher. Will take a while before it rivals the October highs again though IMO. Somebody made big buying premarket this morning.

[biglentil]

Volatility?

Next will be a negative wave after the tsunami.

Yep dead cat bounce imo without quatitive easing by the fed the liquidity drain guarantees bubble deflation.