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Trading Systems

Joined: 13/12/14


Comments by Trading Systems
USD/CAD Mar 19, 2018 10:46AM ET
It's currently against strong resistance set back in February 2017 ; I believe it will take a drop downward sub 1.29
152061962579147.jpg USD/CAD Mar 09, 2018 1:20PM ET
152061962579147.jpg
It's on the next wave down now
USD/CAD Mar 09, 2018 8:34AM ET
 Ouch...that has to sting Ouch...that has to sting
USD/CAD Mar 08, 2018 4:31PM ET
It will likely drop when the market opens tomorrow. However there are a number of releases tomorrow, but good data for CAD will drop the pair fast and furious
USD/CAD Mar 08, 2018 2:23PM ET
For anyone that thinks steel and aluminum tariffs are going to have a large effect on the Canadian economy; there are other markets. Placing tariffs on CAD steel and aluminum will open other doors with the EU in other areas when the EU puts tariffs on US goods. Trade with the EU has been increasing substantially over the past couple of years with Canada - and when the door closes in the EU on the US, exports from Canada will pick up the loss:. 2016 EU trade stats. Imports. 1 - China. 2 - EU 28. 3 - Mexico. 4 - Canada. . Exports. 1 - EU 28. 2 - Canada. 3 - Mexico. 4 - China
USD/CAD Mar 07, 2018 9:24AM ET
All it will take is for one announcement that exempts CAD from Steel and Aluminum tariffs and this is going to drop like a rock. Much of what is factored in pricing to 1.30ish was overkill.
USD/CAD Mar 06, 2018 9:06AM ET
 It\'s all relative if both the USD and CAD go down against other currencies...which is what I anticipate happening. My bets are on JPYUSD when the going gets tough...not USDCAD. It's all relative if both the USD and CAD go down against other currencies...which is what I anticipate happening. My bets are on JPYUSD when the going gets tough...not USDCAD.
USD/CAD Mar 05, 2018 11:51AM ET
 If the US pulls out of NAFTA, it won\'t make much difference in Canada....the FTA comes back into effect which was the predecessor to NAFTA. If the US pulls out of NAFTA, it won't make much difference in Canada....the FTA comes back into effect which was the predecessor to NAFTA.
USD/CAD Mar 05, 2018 11:44AM ET
 Those tariffs will adversely affect the USD as well when targeted tariffs on key GOP states where Canada is the number one destination for US exports arrives. Approximately 35 states have Canada as the number one export destination. Do you really think Canada will remain idle in response to those tariffs ? Those tariffs will adversely affect the USD as well when targeted tariffs on key GOP states where Canada is the number one destination for US exports arrives. Approximately 35 states have Canada as the number one export destination. Do you really think Canada will remain idle in response to those tariffs ?
USD/CAD Mar 02, 2018 1:13PM ET
Investing in ....three a few problems with tariffs when it comes to Canada.. 1) Canadian factories are considered to be protected the same as US based factories.. They fall under the US defence umbrella.. 2) Trump is trying to use a loophole in US law sighting national security as guise for protectionism.. If Canada falls under the US defence umbrella and has since WW2, then how can one successfully argue that Canadian Steel and aluminum is a national security threat? If he does implement tariffs on Canada - it will almost certainly result in win for Canada at the WTO and retaliation.
USD/CAD Mar 02, 2018 1:07PM ET
You do realize that the US exports more steel to Canada than it exports to the rest of the world combined right?
USD/CAD Mar 01, 2018 3:07PM ET
 What will be worse on the US is retaliation. A targeted campaign will start against those states that support the Trump trade tarifs. The largest export destination for US produced goods is Canada don\'t forget...and there are mid term elections in November. GOP states with a substantial export market to Canada won\'t take kindly to layoffs in those states in an election year :)\nTrump is Trump though, and this could be yet another political/personal disaster for him if he loses the house in the midterms...which is already looking likely. Just IMHO What will be worse on the US is retaliation. A targeted campaign will start against those states that support the Trump trade tarifs. The largest export destination for US produced goods is Canada don't forget...and there are mid term elections in November. GOP states with a substantial export market to Canada won't take kindly to layoffs in those states in an election year :). Trump is Trump though, and this could be yet another political/personal disaster for him if he loses the house in the midterms...which is already looking likely. Just IMHO
USD/CAD Feb 07, 2018 8:27AM ET
 - I agree ; it\'s on strong resistance at 1.255ish - I agree ; it's on strong resistance at 1.255ish
USD/CAD Jan 22, 2018 4:19PM ET
That would be temporary. Canada has much to gain if NAFTA is cancelled. For instance the FTA with the US comes back into effect and NAFTA is still in place with Mexico. Canadian exports would face 4% tarrif...and US exports face 8%. Termination of NAFTA is in net good thing for Canada
USD/CAD Jan 18, 2018 10:00AM ET
 It will have little impact...WTO will tax US exports at 8% and CAD at %4. If NAFTA is gone the FTA that was in force prior to it comes back into force. Net loss for CAD will be zero It will have little impact...WTO will tax US exports at 8% and CAD at %4. If NAFTA is gone the FTA that was in force prior to it comes back into force. Net loss for CAD will be zero
USD/CAD Dec 21, 2017 8:42AM ET
 Crude prices have very little to do with this pair now....trading it based on crude futures will burn you Crude prices have very little to do with this pair now....trading it based on crude futures will burn you
USD/CAD Dec 01, 2017 10:43AM ET
 Also ...there is a head and shoulders formation on the daily with a double top...https://invst.ly/5-1l4 Also ...there is a head and shoulders formation on the daily with a double top...https://invst.ly/5-1l4
USD/CAD Dec 01, 2017 10:41AM ET
 ....or drop like a rock even further if that tax bill doesn\'t make it through. ....or drop like a rock even further if that tax bill doesn't make it through.
USD/CAD Dec 01, 2017 9:32AM ET
 I don\'t think it\'s going to go back up. Unemployment just dropped 0.4% to 5.9...that\'s huge I don't think it's going to go back up. Unemployment just dropped 0.4% to 5.9...that's huge
Canadian Unemployment Rises Despite Increased Job Creation Nov 03, 2017 9:22AM ET
The unemployment ticked up 0.1% because the participation rate increased 0.1%
Forex - USD/CAD Increases on Jobs Data Oct 06, 2017 12:33PM ET
13% ???! You should correct this article. It's down 0.06% right now
USD/CAD Oct 06, 2017 9:49AM ET
What exactly was weak about it ? If anything the US data was weak - with a significant miss on Non Farm Payrolls.. If you look at CAD data there was a very slight miss on the jobs growth at +10K verses 14.5K expected - but if you look at full time employment you can see that the 10K were all full time jobs verses part time. Also the unemployment rate remained the same when there was an expected uptick.
USD/CAD Sep 26, 2017 9:39PM ET
 I think the recent uptrend in the USD is simply a dead cat bounce and we going to see sub 1.20 very soon I think the recent uptrend in the USD is simply a dead cat bounce and we going to see sub 1.20 very soon
USD/CAD Sep 26, 2017 2:55PM ET
 Good - I will do exactly the opposite of what Barclays says :) Good - I will do exactly the opposite of what Barclays says :)
USD/CAD Sep 26, 2017 2:02PM ET
 The days of CAD at 1.34 are long gone. All you need to do is look at the raising rates, GDP data as well as employment. CAD has a growth rate around 4.5% right now to the behest of those that thought low crude was a doomsday prediction for CAD - crude had little effect as other sectors picked up where crude lost. The days of CAD at 1.34 are long gone. All you need to do is look at the raising rates, GDP data as well as employment. CAD has a growth rate around 4.5% right now to the behest of those that thought low crude was a doomsday prediction for CAD - crude had little effect as other sectors picked up where crude lost.