And the hopium rallies continue

@ceinz - USDCAD looks like it wants to test 0.97 before it bounces. But the bounce is more critical if it fails at parity - around 1.00 - 1.01 levels. Should it fail to break above, 0.85 will be on the cards. However, if euroland pulls off a houdini act and the printing press goes superlaser on dollars, well it will be like last year. Buying up stocks, commodities and all risk appetite currencies and selling all dollars. But if euroland is able to create a disorderly panic central, the dollar index will be rallying like mad.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!