Tuesday April 9th, 2019

The C$ continues to rally on higher oil and metal prices and we expect more of the same today, which should provide a good selling opportunity later today and tomorrow.

The US$ is weaker this morning and will continue. Trade issues are expanding into Europe, but a resilient economy will eventually turn the US$ stronger in the next few days, so we see this weakness as a buying opportunity.

We see EUR rallying over the next few days and continue to believe that the long-term trend is down, so this is a selling opportunity.

 

  • Drummond Gill