Referring to following article, I would like to know on how USDCAD-short positions would give you exposure to moves in Silver, Oil and Gold prices,
Does anyone have any suggestions?
Thanks in advance for any suggestions
The Canadian Dollar remains highly correlated to oil prices and broader commodity prices, seen clearly through its strong short-term link to moves in silver markets. ... the USDCAD has proven itself more sensitive to moves in silver markets than to its more traditional correlation—crude oil prices.
We see the Canadian Dollar as an attractive proxy to positions in Silver prices and other commodity markets. Canadian interest rates are slightly above those in the United States, and USDCAD-short positions pay modest interest. Such positions would give you exposure to moves in Silver, Oil, and Gold prices—where you would otherwise pay interest to stay long.
The Canadian Dollar should continue higher (USDCAD lower) if silver prices and crude oil prices trade to fresh highs.
Why did you post this message in the "Futures Markets" area of the Forum? Scroll down the Index and you'll see there is a "Forex" area -- which seems to be the actual topic of your request-for-help.
sluggo wrote:Why did you post this message in the "Futures Markets" area of the Forum? Scroll down the Index and you'll see there is a "Forex" area -- which seems to be the actual topic of your request-for-help.
I cannot find Forex area, could you please post a link?
Under my login, Forex is not available on forum selection, would it be account's limitation? could administrator look into my case? so I can post question under Forex forum.
Under Brokers and Markets, there are only Stocks, Future Market and Brokers available for selection.
Do you have any suggestions?
Thank you very much for any suggestions :>
Ah, looks like a forum cleanup a while back changed that forum's permissions. I just changed them back to allow more general access. Sorry about the confusion.
