CAD

[burnt]

Cdn dollar breakout today . . . . Heavy chart resistance now seen as high as 79.80 cents U.S. (IMO).

Crazy markets tied to crazy pandemic, crazy spending and crazy politicians. Crude oil may receive a solid price boost. Strap-in, volatility could really spike over the next few weeks in markets.

A solid boost for oil, like $100 by next year this time? Russia and M.E oil producers love the sound of a B.H. AOC presidency.

Because -end fracking,, restrict drilling everywhere - it will be the new green normal. Stronger dollar short-term until inevitable socio-economic decay tumbles us to a real 3rd world status.

But the Sock Boy will still be spending millions a year on renovations to 24 Sussex, while forcing Canadians into poverty.

So as we enter the dawn of the biggest social split in Canadian history, in the end, the CDN $ value will mean little to the majority of Canadians.

[Guest]

Cdn dollar breakout today . . . . Heavy chart resistance now seen as high as 79.80 cents U.S. (IMO).

Crazy markets tied to crazy pandemic, crazy spending and crazy politicians. Crude oil may receive a solid price boost. Strap-in, volatility could really spike over the next few weeks in markets.

your CDN $ outlook sure has changed errol, is that because of Biden win driving USD down?

[errolanderson]

your CDN $ outlook sure has changed errol, is that because of Biden win driving USD down?

Crude oil strength tied to jump in travel should COVID vaccine be available . . . . USD a tough call right now (IMO).

[bucket]

1970 oil prices and 2050 gasoline prices.........and going higher on speculation of more travel...

Fuel prices never came down due to less travel.....jet fuel ...they must be giving it away right now...

[Guest]

1970 oil prices and 2050 gasoline prices.........and going higher on speculation of more travel...

Fuel prices never came down due to less travel.....jet fuel ...they must be giving it away right now...

jeez bucket, it looks so ridiculous when you actually see it in print

[bucket]

jeez bucket, it looks so ridiculous when you actually see it in print

Yup.... sure does....what is there 10000 plus large aircraft parked on the ground ( where else would you park them) and not using the equivalent of my annual fuel bill per flight....

Do the numbers on that factoid...and ask why the phuck we are paying so much for gas and diesel...

[Guest]

when you look at the tax both govt's are pulling off of fuel , they sure aren't gonna try to lower prices ,

[Guest]

Yup.... sure does....what is there 10000 plus large aircraft parked on the ground ( where else would you park them) and not using the equivalent of my annual fuel bill per flight....

Do the numbers on that factoid...and ask why the phuck we are paying so much for gas and diesel...

oh because, remember , cargo ships were going to have to use diesel instead of that heavy shit .
wait now , lots of them parked too ? WTF?

[errolanderson]

U.S. bank analysts now projecting a rough 2021 for the USD . . . talk of a 20% plus decline in the American greenback.

If this is remotely true, crude oil prices could roll higher in 2021 ($50 to $60 per barrel?) especially if vaccinations again encourage travel. The loonie could push 80 cents U.S. or higher (IMO).

[burnt]

So on '21 soys - $10.50 CHI and $2.50 basis = $13.00 beans plus whatever I.P. premium - $3.50? looks really really good for next planting season by taking care of price concerns.

[agstar77]

U.S. bank analysts now projecting a rough 2021 for the USD . . . talk of a 20% plus decline in the American greenback.

If this is remotely true, crude oil prices could roll higher in 2021 ($50 to $60 per barrel?) especially if vaccinations again encourage travel. The loonie could push 80 cents U.S. or higher (IMO).

Could be a function of the pandemic mess they are in. Much worse than anyone could believe.

[Rareearth]

In southern Saskatchewan it’s unprecedented DRY.

If it doesn’t rain in May,
it won’t matter how high new crop pricing gets, or how much fert and chemicals get applied, we won’t have anything to sell and it would actually be a huge payable or liability to buy out of contracts.

Risks have never been higher, the current best decision is no decision - or doing nothing and wait

[jazz]

CAD to USD is back to pre covid levels, 77c today, but the market is net short against CAD.

There is no way we are a AAA country anymore. This is all just shenanigans. I converted a bunch of CAD to USD just before covid. Maybe good time to do that again.

[farming101]

2 year high close this week? Possibly....

[errolanderson]

USD continues to get a hammer job . . . weekly chart pointing toward next major low of 88.80

CAD now breaking into fresh highs . . . weekly charts suggest next resistance @ 78.70 cents U.S. Heavy resistance @ 79.80 cents U.S. (for what it is worth).

Well see . . . . currencies always a moving target.