Hi all,

Super newb with finance / currency etc. I have read here : http://www.fxstreet.com/technical/fo...2011/04/08/04/

that the USD/JPY is generally an optimistic one... I've been wanting to convert from USD to CAD and wanting to know when the next time its predicted to get to 1 again? I have searched google quite a bit and can't really find a concrete answer.

Any help appreciated and once again I'm only really interested in USD to CAD.

Thanks a ton.

im not very well educated about usd/cad but i do follow it a lot.
oil surging in price is definitely one of the factors cad is doing so well. gold prices as well.
i was waiting for months to make a usd/cad trade, and did so when it was at .9875 during the japan earthquake debacle.
glad i did it then because it might be a long time before there is an attractive rate again.

march 23rd, 2012.


joking, currencies dont work that way. if you need to trade, just do it now. For non pro speculators the current market price is always going to be right.

Yeah, I don't particularly "need" it to pay bills or anything like that its just I want to buy my car and 3 weeks ago it was perfect so now I'm losing $500+ on conversion

I recently looked into how to get the best rate and, at least from the CAD==>USD side, there is a technique called Norbert's Gambit, which you can google for the details. Essentially, you set up (or already have) both $USD and $CAD trading accounts at the same brokerage, and then buy a highly liquid interlisted stock in one currency, have the broker journal it into your other currency account, and then sell it on the foreign currency exchange. You end up paying 2 trading commissions and the bid-ask spread, rather than a forex conversion fee. Haven't tried it yet myself but will soon if CAD keeps rising.

you don't lose it on conversion. you've already lost it by holding USD.

Should be noted the CAD isn't rising it's just the USD is falling faster. Gold still at all times highs in all currencies to buy it.

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