Comments on: Trade of the Year #2: Short USD/CAD

By: Sean Lee

Sean Lee — Wed, 07 May 2014 03:11:14 +0000

Hi Peter, I expect to test 102ish in coming weeks. Won’t make any bold predictions beyond there 🙂

By: Peter

Peter — Tue, 06 May 2014 23:53:14 +0000

Howdy Sean, any med/long term target price? Thanks.

By: frederic119

frederic119 — Tue, 06 May 2014 23:25:01 +0000

Thanks Sean, I will keep my CAD long open and run, but also keep an eye closely on the oil price. EU energy tension calling Canada for help?

By: Sean Lee

Sean Lee — Tue, 06 May 2014 23:12:17 +0000

Sorry Frederic, I don’t follow the oil price closely enough to have a strong view. But yes, obviously strong oil/CAD correlation so if I’m right on CAD then oil almost certain to rise?

By: frederic119

frederic119 — Tue, 06 May 2014 22:46:50 +0000

Morning Sean, I have been tracking the CAD for a while. With a broad USD weakness, I don’t see any potential to the up side for this pair. But I see a negative correlation between oil price and USDCAD. technically I see oil price correcting to the down side. So what’s your view on oil price at moment?

By: Sean Lee

Sean Lee — Tue, 06 May 2014 21:44:41 +0000

That’s what makes a market Adrian 🙂 Certainly think cable bit overbought in s/t and nzd/usd as well but tricky going short imho

By: FxDrive

FxDrive — Tue, 06 May 2014 21:32:30 +0000

Morning Sean. Damn…i’m on the other side of this trade. Race you to the finish/stop :). Got a feeling that this whole usd bearish move will reverse by the end of the week.