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Comments on the Canadian Dollar, Euro and Copper

Cory
July 19, 2017

Currencies and copper are the focus of today’s market wrap. Some of the strongest uptrends this year has the in the Euro and over the past two months in the Canadian Dollar. I share my thoughts on these currencies and if the runs are sustainable. I also look at the copper price which is threatening to breakout tot he upside.

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Discussion
17 Comments
    Jul 19, 2017 19:02 PM

    Well boys, if your mail showed up late last Fall this might explain it….

    Postal Service broke law in pushing time off for workers to campaign for Clinton, investigation finds

    https://www.washingtonpost.com/politics/postal-service-broke-law-in-pushing-time-off-for-workers-to-campaign-for-clinton-investigation-finds/2017/07/19/3292741c-6ca0-11e7-b9e2-2056e768a7e5_story.html

      Jul 19, 2017 19:58 PM

      Funny..there is no law for government.

    CFS
    Jul 19, 2017 19:03 PM

    Off Topic:
    Falcon Heavy is capable (in theory) of launching a lunar trip.

    CAPE CANAVERAL, Fla. (AP) — SpaceX’s chief said Wednesday that the first launch of its big new rocket is risky and stands “a real good chance” of failure.

    Founder Elon Musk told a space station research conference Wednesday that he wants to set realistic expectations for the flight later this year from Cape Canaveral. The Falcon Heavy will have three boosters instead of one, and 27 engines instead of nine, all of which must ignite simultaneously. No one will be aboard the initial flights. When it comes time to add people, Musk said, “no question, whoever’s on the first flight, brave.”

    SpaceX plans to fly two paying customers to the moon late next year, using a Falcon Heavy.

    While the moon may not be in Musk’s personal travel plans, he said in response to a question that he’d like to ride one of his smaller Falcon rockets to the International Space Station in maybe three or four years. SpaceX plans to start ferrying NASA astronauts to the orbiting outpost, using Falcon 9 rockets and enhanced Dragon capsules, by the middle of next year. SpaceX now uses the Dragon capsule to deliver supplies to the space station.

      Jul 19, 2017 19:01 PM

      Russian and Americans share the space station,wonder if they trade secrets

      Jul 19, 2017 19:01 PM

      Skarica gets it!

    Jul 19, 2017 19:17 PM

    I think the loonie is likely to keep surprising to the upside while the dollar is likely to do the opposite…

    http://stockcharts.com/h-sc/ui?s=%24CAD&p=W&yr=6&mn=0&dy=0&id=p19929158663&a=452282882

    Jul 19, 2017 19:07 PM

    Presumably we will get a USD rally at some point and copper, platinum, PM’s, iron ore, etc, will head back down.

    I think that will be the buying opportunity – but I am only guessing.

    Jul 19, 2017 19:50 PM

    Yes Bob that will be the next buying opportunity. Until the next dive down and the one after that, and the one after that…. and so on it goes, blah blah blah.

    Forgive the defeatist, glass half empty type sentiment folks. The metals just continue to muddle around in bear country. All these rallies have proven to be fakeout false dawns im afraid.

      Jul 20, 2017 20:11 AM

      I share your feelings Ozi.