FOREX TRADERS

[ultimatepick]

I live in Canada and read the news everyday. Jobs are being created as we can see from the payroll numbers but NOBODY can explain why. The economists here are baffled. The Canadian economy is running on fumes.
As I said in a prior post ... there was a rather newly elected minority government in power (The conservatives) and they aim to please. You cannot rule out a manipulation of numbers. They have a an agenda no doubt about it.

Like I said the economists cannot explain what is happening right now to the North American economies.


As you can see from this link Canada is almost exclusively dependant on exports to the US:
http://www40.statcan.ca/l01/cst01/gblec02a.htm

We all know there is going to be an economic slowdown and the US will imports less goods into Canada.
Forget that bullshit about the price of oil yada yad yada. the correlation between the price of oil and the CAD is slowly dwindling.

Look at the weekly futures chart ... goin down!
http://www.tfc-charts.com/chart/CD/W


The housing market like in the US is NOT doing well. I can see it all around me. The only place that is doing well is Calgary with the oil sands. The rest of Canada is suffering .. and suffering badly.

Numbers alone do not drive markets. You gotta get a feel of the situation and alot of things are out of place.

Or maybe I am delusional .. time will tell.

Ultimatepick