MoneyBull

I am Canadian, but somehow I never really enjoyed trading the USD/CAD. Of course I enjoy the low US prices because it makes online shopping a lot better, but I also despise it because all of my brokers are held in US funds (which is only good if you’re depositing).

While the U.S. was able to extend their debt ceiling window to August 2nd , they will need to come up with $118 billions per month to repay it. (Source: CNN Money)

I believe this will have a huge impact not only on the USD/CAD, but any USD correlated-pair, including commodities.

Let’s take a look at the USD/CAD Daily Chart:

The price has been below… Read More…