Chris (Cneldred) I didn't know you did this for a living! Can't you just flog a load of CADs cheap to make the price drop!!!???


1.99080
Go on my son!

I have some massive trading limits but even what i have wouldn't dent the price, those forex guys throw it around.


Miss the snow, yeah right. Can't wait to see the grass again, it has been almost 4 months now. I will remind you of the miss the snow comment next March.


Chris

Chris

You think this is just a blip on today's numbers? I might take a chance and buy enough to cover our deposit on a new house if it gets over 2.00

Tom

Isn't the global daily currency market something of the order of $32 trillion?? I may be an order of magnitude out but it dwarfs the various stock markets for volume...

exactly, pretty much every major company making or paying money in numerous currencies are changing their currencies through the FX market. It is massive. Which gives George Soros even more kudos in my book to take on the £ and destroy it, genius.

Re the rate, it is going higher as a lot of major banks are revising where they believe the FOMC finish up. Most of the big boys have come out today and said between 1.25 and 2% the bottom for them. Now that the Bank of Canada has started to follow, people are putting 2 and 2 together and expecting BOC to follow. It is that clear cut. Unemployment data from US was poor today, but Canada published unemployment data today aswell and it wasn't too bad. So with oil continuing higher, strong data out of Canada and yet the CAD$ stills get weaker, strange. Maybe we have turned the corner. It will stall at 2.00 though, a lot of resistance there, big physchological level, if that is broken cleanly up to 2.0050 then i would fancy a move up to 2.02.

Chris

Thanks Chris

Thats the dilemma put in a forward order for say 2.02 or take anything the minute it goes over 2. All our calcs have been done on 2 so if we get there or there about we are ok but every cent up or down is 1000 bucks to us so its worth holding out for.

Cheers
Tom

this is how i would play it. How gutted were you at 1.93? You could do one of 2 things.

1) set yourself a stop below so that if it goes through 1.93 again you immediately change it you.
2)Or you could change it it 2 sections, half just infront of 2.00, it has stopped there twice in the recent past. The other half ride, 500 bucks a cent is a lot less stress than 100 bucks a cent. That way you are getting half your money where you did you sums at least. The oter half you may get enough to buy yourself a nice house warming gift.

Chris

Thar she blows, cap'n!!!

2.00445


Bits crossed....

i know i know just trying to get my dealer right now

Might be a good idea before numpty darling opens his trap on Wednesday and ruins things

aye good point I had forgotten that was coming spoke to my dealer he's checking with his traders and looks like we are putting in an order at 2.00

fingers crossed

Tom

Hi Chris,

How's Wasaga Beach? I hear you've been keeping Steve company. Nice to see you're having fun with money (still).

Simon

Good luck. Once you've done it, try not to look at exchange rate pages for at least a year....!!!

I hear you trying to be cool about it but its not easy. Thankfully we have only been looking at moving since November so we did not have expectations or calculations based on 2.35 etc. or we would be gutted now. If i can get away with something close to 2.00 i will be happy unless it goes to 2.10 the following day

Cheers
Tom

quick Tom, who are you using as we need to get some cash before we move