Canadian Dollar Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Canadian Dollar

Public Reply Prvt Reply Mark as Last Read File

Previous 10 PreviousNext

To: RiceTrader who wrote (102)	8/31/1998 2:34:00 PM
From: High Grader	of 103

From a technical letter: stockhouse.com (Hope they don't mind me quoting from the free trial I just received.) "FOR YOUR INFORMATION: We believe these Canadian bank stocks are oversold, at this time, and are likely to stage a minor recovery this week. The Canadian dollar also appears to have signaled an important reversal signal on Thursday and Friday. A Thursday and Friday rush out of the US dollar and into other major currencies (Swiss Franc, German Mark, Japanese Yen, Canadian Dollar, Australian Dollar) leads us to believe that the US dollar has been intentionally weakened to the benefit of the above currencies. Reversal patterns in the above currencies were confirmed on Friday, which might spell a strong rally in non-US equity markets this week." If the US lowers interest rates to get the market moving up again, then the CD$ should recover somewhat. Maybe the bottom is in.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 PreviousNext