Nemo_Confidat

USDCAD (incl. all major CAD pairs) - Short; (very) Bearish!

Short
FOREXCOM:USDCAD   Dollar Américain / Dollar Canadien
As a dyed-in-the-wool USD bull,(as of late) I've been fighting the urge to load up on the Loonie. - But I'm weak, so I fold. I also can't overlook the mounting evidence.
All the planets are on their way for a (almost) perfect alignment for the Loonie;
- It's been way oversold since the second half of 2022 (because of the rate hike pause by the BoC);
- It is nearly impossible to make a case for anything other than one of (if not the") shallowest upcoming recession in the Western Hemisphere;
- Their NATO role is "limited" - to put it mildly - and if anything that far away money pit (Ukraine) is filled by EUR & USD mostly, the least of all CAD; (If anything, the war may wake up Canada to at least start questioning their NATO membership role, all together - as it is even more pointless than it's ever been. (Who, and How, exactly is going to invade Canada?? ...)
- Energy will continue to play a central role in world affairs;
- It's a big place with few people, who have lots of stuff - including an idiotic central leadership, like Norway; (In politics, "The Greens" are like a watermelon; Green on the outside but red on the inside.)
E.g.,
Long everything CAD, Short all else - for the foreseeable future.

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