We are bearish on the loonie in the months ahead: TD Securities
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- čas přidán 26. 05. 2024
- Mark McCormick, managing director and global head of FX and EM strategy at TD Securities, joins BNN Bloomberg to discuss his forecast on the Lonnie and what's next for the markets.
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It seems everyone is still relying too heavily on the charts now. Imho, when the ETF's stepped into Crypto it changed the game. The Bitcoin Baby has been born and will grow up fast. The Crypto Market now has a rubber stamp of approval. Wall Street is in the game now and It will become the store of value we have been talking about. The rules are already changing. We would have normally had a corrective retrace by now, yet Bitcoin has been steadily rising. The name of the game is getting out with profit, but when exactly to get out this Super Cycle is going to be a tricky one. It's not about guessing the market's next move; it's about playing it smart and steady...managed to grow a nest egg of around 3.4Bitcoin to a decent 18Bitcoin in the space of a few months... I'm especially grateful to Lukas Douglas whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.
HE MOSTLY ON TELEGRAMS, USING THE USERNAME
@LukasTSD
Reason i invest in the crypto market; to make my money work for me, to prevent inflation from eroding my savings.
Lukas Douglas understanding of market indicators is impressive. He knows exactly when to enter and exit trades for maximum profit. His signals are top notch..
The first time we had tried, we invested $1400 and after a week we received $5,230. That really helped us a lot to pay our bills.
Go right ahead..
I mean it makes sense. If we lower interest rates, the dollar will devalue. And we will get currency inflation.
Remember the further the BOC deviate from the US Fed, the lower the dollar will go
😢
💰💰💰💰💰💰💰
We need the dollar to go down in order to boost exports.
The cause of inflation is bad governance, bad policies ..so if Trump wins he will fix that and we will go to low rates and low inflation, IMO
Consumer spending is the largest source of inflation. That’s why it’s happening in several countries at once.
lolz
That’s funny because I met a guy from TD in the beer gardens this weekend that told me the Loonie is gonna rip.
Must have been drinking A LOT of beer
@@Tomyum19 we were discussing the XSP etf sp500 hedged to CAD. I see maybe a possible 3% upside for the loonie since it’s in a range, kinda looks like a bear flag but it’s kinda 50/50
@@Solairethedarksoul I mean it’s possible. I’m staying unhedged. BOC is definitely going to cut before the Fed and we’ll see a CAD sell off.
@@Solairethedarksoul Yeah it’s possible. I’m staying unhedged though. When BOC cuts rates the CAD will sell off.
@@Tomyum19 the only reason I’m hedged like that is because I didn’t want to pay conversion fees everytime I want to buy spy.