Tuesday, July 24, 2007

Wow! USD/CAD new 30-year lows

Its 5:30 am here in LA. Looks like the Loonie is breaking the last support level, falling hard below 1.04. Here is the scoop from Dow Jones Newswire:

12:30 GMT Canada Retail Sales Ex Autos +2.3% In May From Apr
12:30 GMT Canada Retail Sales +2.8% In May From Apr

estimates were for Retail Sales at just 0.5% with the core at 0.6%.

Forgive me for celebrating, but the entire LA seminar class is short USDCAD from 1.0478 using the MTF technique from the FXEducator DVDs. I love it when the class makes $$$!!! Sweet!