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09-26-2014 04:19 PM
Anyone watching and predicting trends in the usd? I just haven't had the time to look into it but I'm betting one of you guys do
09-26-2014 04:30 PM
Hey farmerguy......My two cents of the US dollar is that we are within weeks of a pretty major high. The high this week pretty well reaches my upper trend line on a weekly chart. Of course currency trends are one of the hardest for me to predict. So will the CDN go higher automatically when the US eventually drops? I don't think so necessarily but usually does which will make our cash prices closer to the US reality. I see many cash soybean prices under $9.00 and corn at $2.80 today.
09-26-2014 07:14 PM
By geopolitical right now, than technical.
But things could change depending on
Breaking news on CNN/fox
That's my nickels worth....maybe i'LL get
This one right missed corn and beans.
09-27-2014 06:20 AM - edited 09-27-2014 07:36 AM
cx...do you ever have bearish projections for things. Crude is keeling over on its way back to a normal price, maybe $60.
US$ targets for me are Feb15 @ 96, or 89 minimum.
Not an expert just some ratios and 90 quarters from the major low.
Important to remember the US$ index is 83% comprised of countries far more broke than we are: Euro, Jap, GB.
Obviously, the swiss, swedes, and canadians are far more under control, but at 17% of the average they can't push it far.
Forgot to mention the obvious, 1qtr2015 is 30 years from the all time high in 1qtr1985. Expecting a top before then is probably not backed up by the history.