• You will need to login or register before you can post a message. If you already have an Agriville account login by clicking the login icon on the top right corner of the page. If you are a new user you will need to Register.

Canadian dollar

Collapse
X
Collapse
 
  • Time
  • Show
Clear All
new posts
  • farming101
    Senior Member
    • Mar 2011
    • 3954
    #1

    Canadian dollar

    Just barely went through some major resistance before retreating.
    Both forex and futures show the same.
    Will see what next week brings. Could be a top for the time being
    Tags: None
    • errolanderson
      Senior Member
      • Jan 2012
      • 3124
      #2
      Agree, the December loonie tested a high of 76.66 cents this morning, then backed off. Heavy resistance in our view now 76.75 cents U.S. . . . close enough.

      Loonie pullback next week quite possible along with another potential leg lower in gold and silver (IMO). Gold has technical support @ $1,840 per oz (for what its worth). Powell can't generate inflation even throwing the kitchen sink at the market, just an artificial stock market rally that wouldn't hold for the long haul on pure money printing.

      Central bank policy at-its-worse protecting zombie companies and Wall Street.

        Comment

        • Reply to this Thread
        • Return to Topic List
        Working...