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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?

To: Eva who wrote (80509)	4/11/2007 12:55:33 PM
From: GoldBull no bug here	Respond to of 312358

<To anyone with an opinion> Oh, this is gonna be fun! Glad it's my day off.

To: Eva who wrote (80509)	4/11/2007 1:18:28 PM
From: Rocket Red	Read Replies (1) \| Respond to of 312358

wait

To: Eva who wrote (80509)	4/11/2007 1:36:18 PM
From: ceejayt	Read Replies (1) \| Respond to of 312358

Hi Eva Michael Levy wrote the following on the dollar this morning Canadian dollar continues to outperform The Canadian dollar has not only moved above 87 cents, but now in less than a day it seems entrenched at the new level. The move to 87.45 cents in early trade this morning now establishes a new 4-month high and puts it on track to start a recovery towards 90 cents. Although we see a pretty significant correction on the way, which could unfold any time later this month, the higher the dollar reaches now, the higher the point of support will be on any subsequent move down. Our old support level at 83.33 cents ($1.20 Canadian) now seems like a fairly remote figure given the recent strength of the CAD. We continue to receive emails from readers wondering about the future course of the CAD and asking about the depth of any pull back in order to lock in a better price for U.S. dollar sales. The problem in trying to answer this kind of question is that the CAD is firmly entrenched in a new uptrend. It is therefore easy to forecast that a correction is probably on the way for the currencies, precious and base metals; the problem is from what level does that correction ensue. Watching the Euro hit within 2 cents of its all time highs; copper coming back from about $2.40 per pound all the way back up to around $3.50; and gold now back to the $680 figure, it is difficult to forecast when buying momentum will run out of steam. The energies have already begun to pull back and may have made their seasonal peak already; however, there is no way to tell what the turning price will be on the other commodities or the currencies. The CAD has been in a bull market ever since the turn in January 2002, and although we have been in a pretty tight trading range since December 2006, the trend at this point is definitively up once again. As of this morning, we are only about 4 cents from the highs of last April when the CAD hit almost 91.5 cents. Since that time we have come back down to test 84 cents before this most recent rebound. Our advice to exporters is to take advantage of any pull back and phase in some forward selling of U.S. dollars; the market always seems to afford that opportunity. The question then will not be at what price, for when a currency is in a bull market, it will most often be the case that eventually the dollar will go higher and the forward selling of a partial position will afford the exporter better prices then the current spot market. Meanwhile, we will continue to look for the next pull back, remembering that in the last extended move up from April 2005 until April 2006, the CAD went from 78.5 cents to 91.42 cents and gave up very little ground along the way. Taking advantage of dips along the way to forward sell U.S. dollars during that run would have made any exporter look like a genius. CJ

To: Eva who wrote (80509)	4/11/2007 1:56:29 PM
From: Canuck Dave	Read Replies (1) \| Respond to of 312358

Sure, send them over. I'll give you a greenback for every loonie. Or is it the other way around? I never was good at math. Seriously, the loonie is tending to follow oil prices, not the US dollar. Whatever you think oil will do in the next 5 months. Personally, I think today is good. Just my opinion. CD

To: Eva who wrote (80509)	4/11/2007 2:11:07 PM
From: TheBusDriver	Read Replies (1) \| Respond to of 312358

I'm kinda in a similar boat...well a worse one I think....I have to convert $ to £....yikes! like 2:1..... I take it from your post we are not talking about $100 here so.....no harm in doing it slowly...the dollar will have to sink or all us gbugs are in trouble.....and that will be good the the exchange you need to do..... Disclaimer: But remember I am a bozo!

To: Eva who wrote (80509)	4/11/2007 3:01:02 PM
From: marcos	Respond to of 312358

Hi Eva, i'm in roughly the same position, want to buy usd with loonies before too long, as i'm effectively short usd after buying lots of Metalline in the F-account [usd] while leaving the cash that covers it in the E-account [cdn] ... nice that canuck brokers let us do this, eh ... the mmg position is intended largely as a hold to be reviewed a year from now, meantime i'm hoping to buy usd for 1.10cdn, that's just under .91 i think ... kinda doubt our local brain trust will let the loonie rise much beyond that, as real pain would ensue in export sectors ... the last few days have been real good for cdn/usd, there will be little rest periods no doubt, but imho it's not unreasonable to expect a .90+ loonie before full summer This chart site is excellent for currencies, i use it all the time to plan loonie/peso cambios, you can really save a lot of friction loss by planning it right - fx.sauder.ubc.ca

To: Eva who wrote (80509)	4/11/2007 6:51:48 PM
From: Condor	Read Replies (1) \| Respond to of 312358

I need to convert some Canadian $ to US $, latest by Sept. I wonder if it is a good time to start now? tia Average in each month until Sept. C