John Q. Fibonacci-Challenged

An Opportunity in USD/CAD?

I read this and came away not understanding what you are saying....

--that Canadian and US currency (both) are likely to rise inthe medium term against most other currencies

--that the gap that has opened between Canadian and US dollars is temporary, and that the Canadian dollar will return to near parity in the shprt term, meaning buy options on Canadian dollars.

--that the Canadian foreign exchange picture will be impacted by the decline in commodities prices if they prove permanent. Commodities are an important component of the Canadian export sector, but this loss of potential has not yet shown up in foreign exchange rates, so the Canadian dollar is likely to decline further vis-a-vis the American. Buying some sort of an option to sell at current rates is a good move.

I'm sure your more sophisticated usual readers know a Bax isn't one of those little black shrivelled up things one finds in fancy breakfast cereal. But are Baxes not those little furry things you see crossing the street in broad daylight?