Daily Archives: November 12, 2007

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Trade Call for November 13, 2007

Forex Market UpdatesBy Dustin Pass November 12, 2007

UPDATE ON CAD, EUR AND CHF I would like to give you a recap before we get into tomorrow’s Forex trade call. As you know, we have been watching the USDCAD and have been for some time now. We were expecting a reversal and we have seen that reversal occur down at 0.9060 and are…

Cad moves higher thru hedge level.

Bank FlowBy Dustin Pass November 12, 2007

The Cad broke thru the hedge level and has moved on up to the 9660 level where it found resistance. I think that the fact that today is a holiday in the US and Canada many of the banks are not participating and there for the level failed. Addionatlly the thin market we are trading…

Update CAD, EUR, and CHF trade call

Bank FlowBy Dustin Pass November 12, 2007

Still holding our EUR/USD short from 1.4753 level. Still holding our CHF long enties starting at 1.1224 going up to 1.1265.

My contact has suggested to hedge Cad around 9580/9600 area, expecting a retracement. Stand by for additional info.