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Search: Posts Made By: cneldred
Showing results 1 to 25 of 238
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Forum: Canada
Aug 5th 2010, 2:50 am
Replies: 2,672
Views: 291,818
Posted By cneldred

Re: Exchange rate

when i said despite rate hikes, that is a huge sign of the trend. Rate hikes usually strengthen a currency, all part of the carry trade, since Bank of Canada started hiking the Loonie has weakened...
Forum: Canada
Aug 4th 2010, 7:39 pm
Replies: 2,672
Views: 291,818
Posted By cneldred

Re: Exchange rate

I would agree the trend is definitely up, and that is despite the rate hikes from Bank of Canada.

Watch China very carefully, panic over there will cause Loonie to get killed.

Charts mean...
Forum: Canada
Aug 4th 2010, 4:01 pm
Replies: 2,672
Views: 291,818
Posted By cneldred

Re: Exchange rate

clearing houses pay interest already on any funds on deposit.
Forum: Canada
Aug 4th 2010, 11:16 am
Replies: 2,672
Views: 291,818
Posted By cneldred

Re: Exchange rate

Alan i was a pit trader on LIFFE, the UK version of CME. Unfortunately that place went computerized around 2000. You fail to see that every market has an underlying instrument, the cash market. ...
Forum: Canada
Aug 4th 2010, 1:29 am
Replies: 2,672
Views: 291,818
Posted By cneldred

Re: Exchange rate

FX markets are only used to hedge exposure, therefore if other markets are low on volume and more importantly open interest (measure of open positions on exchange based products), then there is less...
Forum: Canada
Aug 4th 2010, 12:37 am
Replies: 2,672
Views: 291,818
Posted By cneldred

Re: Exchange rate

Those of you that remember me know this is my bread and butter. I trade financial futures and options for a living, that includes currencies.

As i commented earlier the markets are very very thin...
Forum: Canada
Aug 3rd 2010, 5:50 pm
Replies: 2,672
Views: 291,818
Posted By cneldred

Re: Exchange rate

Thanks, obviously with the banking crisis the last 2 years been mental. I was just trawling through the web this morning and decided to see what was going on here.

Chris
Forum: Canada
Aug 3rd 2010, 4:51 pm
Replies: 2,672
Views: 291,818
Posted By cneldred

Re: Exchange rate

the industry term is a retracement....look for key retracement levels at 33%, 50% and 66% of the move.
Forum: Canada
Aug 3rd 2010, 3:55 pm
Replies: 2,672
Views: 291,818
Posted By cneldred

Re: Exchange rate

markets are very very quiet. Talk this morning of further aid needed from the Fed, in the form of them buying bonds.

We are really at a crossroads, are things improving or are we going back into...
Forum: Canada
Aug 3rd 2010, 3:46 pm
Replies: 2,672
Views: 291,818
Posted By cneldred

Re: Exchange rate

Wow, can't believe this thread is still going.
Forum: Canada
Nov 25th 2008, 7:49 am
Replies: 2,672
Views: 291,818
Posted By cneldred

Re: Exchange rate

Yes, Labour just flooded the market with new debt....also everyone now saying that Bank of England have to cut another 100bp (1%) very soon. All makes UK a less desirable place to invest.
Forum: Canada
Nov 21st 2008, 11:45 pm
Replies: 2,672
Views: 291,818
Posted By cneldred

Re: Exchange rate

Only way to disband OPEC is for OPEC to disband themselves, ain't gonna happen. They love the group power they have.
Forum: Canada
Nov 21st 2008, 9:05 am
Replies: 2,672
Views: 291,818
Posted By cneldred

Re: Exchange rate

Hilarious.....this is a short term forced liquidation. End of.
Forum: Canada
Nov 15th 2008, 3:11 pm
Replies: 2,672
Views: 291,818
Posted By cneldred

Re: Exchange rate

Why not quote the dates on those and then you can look at the major market moving factors that have happened since then....like pretty much half of the banks in the western world being bailed out or...
Forum: Canada
Nov 5th 2008, 9:04 pm
Replies: 2,672
Views: 291,818
Posted By cneldred

Re: Exchange rate

Alan, agree entirely in 13 yrs of trading never seen anything like this. Graft your arse off for weeks nicking a bit everyday then 1 frigging mistake in one nasty move ends up costing you everything...
Forum: Canada
Nov 5th 2008, 2:26 pm
Replies: 2,672
Views: 291,818
Posted By cneldred

Re: Exchange rate

Alan, believe me i know all about the markets and the spreads. I am a futures trader and have been for 13 years. I actually trade direct to the exchanges and therefore am making markets in there. ...
Forum: Canada
Nov 4th 2008, 9:03 am
Replies: 2,672
Views: 291,818
Posted By cneldred

Re: Exchange rate

So which thread is my wife posting on??:rofl:
Forum: Canada
Nov 4th 2008, 6:21 am
Replies: 2,672
Views: 291,818
Posted By cneldred

Re: Exchange rate

Please be very very careful. You have been lucky and caught a move in your favour. This is due to the rumours that the Bank of England may cut by 100bp(a full percentage point) on Thursday.
...
Forum: Canada
Oct 22nd 2008, 2:17 am
Replies: 2,672
Views: 291,818
Posted By cneldred

Re: Exchange rate

we expected 50bp cut today and be done with it. What they did was 25bp now and warn of more in the future. This gave CAD$ a boost, that decision was made at 2pm. Let me tell you from experience...
Forum: Canada
Oct 2nd 2008, 2:24 am
Replies: 2,672
Views: 291,818
Posted By cneldred

Re: Exchange rate

With the current economic climate opinions are changing on a daily basis. In 13 yrs of trading i have never seen a situation like this.

UK braced for rate cuts, therefore weaker sterling should...
Forum: Canada
Sep 18th 2008, 10:59 am
Replies: 2,672
Views: 291,818
Posted By cneldred

Re: Exchange rate

Probably, however it is the abundance of raw materials which is the success story for Canada. Harper actually acknowledged just the other day that the US has been in a slowdown for 2 years and as...
Forum: Canada
Sep 18th 2008, 10:30 am
Replies: 2,672
Views: 291,818
Posted By cneldred

Re: Exchange rate

Sorry as you can imagine it has been mental this week.

There was a co-ordinated liquidity operation by all the major central banks this morning, this appears far from over.

This isn't because...
Forum: Canada
Sep 3rd 2008, 12:16 am
Replies: 2,672
Views: 291,818
Posted By cneldred

Re: Exchange rate

That in no way makes the UK a more attractive investment. House prices are still hugely overvalued. Tomorrow is Bank of Canada rate announcement, the market is expecting unchanged. Then Thursday...
Forum: Canada
Aug 31st 2008, 5:06 pm
Replies: 2,672
Views: 291,818
Posted By cneldred

Re: Exchange rate

NO but the markets are very illiquid due to a lack of traders willing to make prices, and therefore you tend to get a lot of wild price moves during the summer months and the xmas break.
Forum: Canada
Aug 31st 2008, 3:00 am
Replies: 2,672
Views: 291,818
Posted By cneldred

Re: Exchange rate

Comments from a very dovish (favours lower interest rates) member of the MPC yesterday. Forget which one it was but was along the lines of we need to cut (and large cut), starting right now. Said...
Showing results 1 to 25 of 238
 
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