Reply #34: Loonie Watch [View All]

[TrogL]

Highlights

Current:



30-day and 90-day vs.greenback:



30-day vs. Euro, Yen, UK Pound and Swiss Franc




Currency Comparison: http://members.shaw.ca/trogl/looniewatch.html

Detailed analysis: http://quotes.ino.com/exchanges/?r=CME_CD

Up-to-the-minute graph: http://quotes.ino.com/chart/?s=CME_CD.Y%24%24&v=s&w=5&t=l&a=1

Historical values http://www.x-rates.com/d/USD/CAD/data30.html

American Dollars to 1 CAD (invert,graph)
2007-04-30 Monday, April 30 0.903506 USD
2007-05-01 Tuesday, May 1 0.901876 USD
2007-05-02 Wednesday, May 2 0.901957 USD
2007-05-03 Thursday, May 3 0.903424 USD
2007-05-04 Friday, May 4 0.903424 USD
2007-05-07 Monday, May 7 0.907112 USD
2007-05-08 Tuesday, May 8 0.905141 USD
2007-05-09 Wednesday, May 9 0.903914 USD
2007-05-10 Thursday, May 10 0.903098 USD
2007-05-11 Friday, May 11 0.897989 USD
2007-05-14 Monday, May 14 0.903587 USD
2007-05-15 Tuesday, May 15 0.911079 USD
2007-05-16 Wednesday, May 16 0.906783 USD
2007-05-17 Thursday, May 17 0.911079 USD
2007-05-18 Friday, May 18 0.918864 USD
2007-05-21 Monday, May 21 0.921319 USD
2007-05-22 Tuesday, May 22 0.921319 USD
2007-05-23 Wednesday, May 23 0.924556 USD
2007-05-24 Thursday, May 24 0.922424 USD
2007-05-25 Friday, May 25 0.926441 USD
2007-05-28 Monday, May 28 0.926441 USD
2007-05-29 Tuesday, May 29 0.932923 USD
2007-05-30 Wednesday, May 30 0.929973 USD
2007-05-31 Thursday, May 31 0.934492 USD
2007-06-01 Friday, June 1 0.943218 USD
2007-06-04 Monday, June 4 0.945269 USD
2007-06-05 Tuesday, June 5 0.942951 USD
2007-06-06 Wednesday, June 6 0.944644 USD
2007-06-07 Thursday, June 7 0.942418 USD
2007-06-08 Friday, June 8 0.941442 USD

Current values

Loonie:

Last trade 0.9430 Change +0.0012 (+0.13%)
Previous Close 0.9417 Open 0.9381
Low 0.9381 High 0.9438


Other combinations:

AS.M07 AUSTRALIAN $/CANADIAN $ Jun (NYBOT) 0.89355 +0.00540
AU.M07 AUSTRALIAN $/US$ Jun (NYBOT) 0.84155 +0.00185
RA.M07 EURO/AUSTRALIAN $ Jun (NYBOT) 1.5872 -0.0094
HY.M07 CANADIAN $/JAPANESE YEN Jun (NYBOT) 113.890 -0.315
GB.M07 EURO/BRITISH POUND Jun (NYBOT) 0.6972 -0.00003
EP.M07 EURO/CANADIAN $ Jun (NYBOT) 1.41870 -0.000815
EJ.M07 EURO/JAPANESE YEN Jun (NYBOT) 162.33 -0.2
EU.M07 EURO/US$ (LARGE) Jun (NYBOT) 1.34375 -0.00715


Blather (from http://quotes.ino.com/exchanges/?r=CME_CD)

The June Canadian Dollar was sharply lower overnight and trading below the 10-day moving average crossing at .9376 signaling that a short-term top has been posted. Stochastics and the RSI are overbought and are turning bearish signaling that sideways to lower prices are possible near- term. Closes below the 20-day moving average crossing at .9260 would confirm that a top has been posted. If June extends the rally off February's low, weekly resistance crossing at .9525 is the next upside target. Overnight action sets the stage for a lower opening in early-day session trading.

Analysis

The blather is wrong as usual. It may have opened lower but it's off on its wild ride again. I think it's $0.0004 off posting another top.

Morning drivein was yet another litany about the downright frightening health of the Canadian economy. Jobless rate is at a 30 year low and the turnover is part-time going to full-time which is unheard of. A lot of stores in the local mall that languished with "Help wanted desperately" signs have now closed - no staff. On the flip side, however, I attended a briefing with the local police and while crime is down, nuisances are way up. By that they mean grafitti, public drunkenness, people sleeping where they shouldn't and prostitute fights. The new workers coming through town are partying harder, the poor are getting pissed off at getting left behind.

Mombato guru yesterday was (as usual) on a rant about US deficit but others seem to have finally picked up the tune. The G8 is on right now. Most of the open discussion is about global warming but I would be surprised if there isn't some economic wrangling going on behind closed doors.

But the big story of today and apparently all week has been the Ozzie. Anybody want to start an Ozzie watch?