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THE LOONIE WATCHER (Copyright 2006)

THE LOONIE WATCHERS COMMENTARY FOR FEBRUARY 28, 2006














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THE LOONIE WATCHER’S COMMENTARY FOR FEBRUARY 28, 2006
















THE LOONIE WATCHER’S COMMENTARY FOR FEBRUARY 28, 2006

The market close on February 23, 2006, showed that the market conditions influencing the Loonie and the $USD have changed since our last commentary (Feb 23, 2006)

THE LOONIE

The Loonie has confirmed our forecast, and remain strong. The Loonie is fast approaching its recent highs, and will soon give the commercials reason to wait and see.

 

THE $USD

The $USD continues to stay locked in its trading range. The locals have been unable to get the $USD going because of lack of interest by the commercials at this price.

The $USD won’t begin its next move until some new information surfaces that is not already priced into the market!

The short term outlook is a probable trading range until a new direction materializes.

 

SUMMARY

Crude Oil continues to pressure both the currencies, and the stock markets. The Loonie may become vulnerable should the metal's markets start to collapse.

The $USD will need a reason to begin a new move out of its trading range!

The political circus in the US has distracted everyone at this time.

 

The US port fiasco has almost everyone was distracted from the economic situation so this issue will continue to be pushed by the media.

 

Wayne N. Krautkramer onlypill@cox.net

Http://onlypill.tripod.com/thelooniewatchercopyright2006bypitagorasinternacionalsa

 

Pitagoras Internacional SA will not be liable for any liability, loss or damage directly or indirectly caused, or believed to be caused, by THE LOONIE WATCHER (copyright 2006)

 

 

 
















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