MoneyTec 2.0 - Online Forex Traders & Brokers Social Networking Community » Trade Recommendations » Long Term Trade Recommendations

[rheos]

Hi there,

I just have a personal question about 1 trade that I am going to do soon...

I have about $8,500 USD that I would like to transfer to CDN within the next few weeks for the best exchange possible.

I can wait a little while.. like maybe a few weeks.. but don't want to lose in the waiting.

What is the general feeling here about USD / CDN over the next weeks or month?

any predictions?

[Investica]

The USD could certainly strenghten to 1.25 as the US Fed pushes up interest rates and Canada stays on hold, but US gains beyond there will be tough

[rheos]

thank you for your response. i hope you are right...

i was just noticing that bush has requested another $80 billion to be spent on his war.

http://news.bbc.co.uk/2/hi/americas/4204257.stm

can this be somehow seen as being a trigger to strenthen the USD at all? or more likely the other way?

[Investica]

Hi

The budget factors are more likely to weaken the US dollar slightly.

Fortunately, the Bank of Canada issued a cautious statement on the economy yesterday.

[rheos]

I decided to do the exchange yesterday.

It's the best the dollar has been in awhile and with news like this:

US budget deficit to reach $427bn
http://news.bbc.co.uk/2/hi/business/4206359.stm

It makes me a bit doubtful the USD will be going much higher for awhile..

I'll have more to exchange in a couple weeks.. hopefully it will have improved despite my predictions..

[rheos]

Hi there,

I just wanted to say cudos on you prediction!

seems it was pretty bang on.

how do you do it?