THE LOONIE WATCHER'S COMMENTARY FOR MARCH 07, 2006

THE LOONIE WATCHER’S COMMENTARY FOR MARCH 07, 2006

Today’s close found the $USD back at the top of its trading range, and the Loonie at the bottom of its range.

THE LOONIE

Commercials are on strike .They can’t get their head around the international financial scene

The Loonie should now stay in this trading range until "the event occurs".

THE $USD

Buying continues in the $USD.

The locals found the buy stops for the longs today, pushing the $USD back to it’s trading range highs. .

Commercials are waiting for a resolve on the US Debt Ceiling.

The $USD again finished with a strong close, leaving the shorts scratching their heads. ..

SUMMARY

More selling of Crude Oil put further buying pressure on the $USD.

The US has a serious problem with its debt limit, and there is political resistance against voting to raise the Debt limit again.

It’s amazing to watch this movie, with the US on the verge of default, and the $USD going higher at the same time.

Somebody has to be wrong here!

The Loonie is still a happy camper, but stuck in a trading range.

The $USD will stay at the top of its trading range until further "solid" information surfaces.

Wayne N. Krautkramer onlypill@cox.net


				*THE LOONIE WATCHER (Copyright 2006)* *THE LOONIE WATCHER'S COMMENTARY FOR MARCH 07, 2006*



	Home \| THE LOONIE WATCHERS COMMENTARY FOR APRIL 18, 2006 \| PITAGORAS INTERNACIONAL SA. SITES MAP! \| THE LOONIE WATCHERS COMMENTARY FOR APRIL 6, 2006 \| THE LOONIE WATCHERS COMMENTARY FOR APRIL 5, 2006 \| THE LOONIE WATCHERS COMMENTARY FOR MARCH 30, 2006 \| THE LOONIE WATCHERS COMMENTARY FOR MARCH 22, 2006 \| THE LOONIE WATCHERS COMMENTARY FOR MARCH 14, 2006 \| THE LOONIE WATCHERS COMMENTARY FOR MARCH 13, 2006 \| THE LOONIE WATCHER'S COMMENTARY FOR MARCH 07, 2006 \| THE LOONIE WATCHER'S COMMENTARY FOR MARCH 06, 2006 \| THE LOONIE WATCHERS COMMENTARY FOR MARCH 02, 2006 \| THE LOONIE WATCHERS COMMENTARY FOR FEBRUARY 28, 2006 \| THE LOONIE WATCHERS COMMENTARY FOR FEBRUARY 23, 2006 \| THE LOONIE WATCHERS COMMENTARY FOR FEBRUARY 17, 2006 \| THE LOONIE WATCHERS COMMENTARY FOR FEBRUARY 13, 2006 \| THE LOONIE WATCHER'S COMMENTARY FOR FEBRUARY 10, 2006 \| THE LOONIE WATCHERS COMMENTARY FOR FEBRUARY 6, 2006 \| THE LOONIE WATCHERS COMMENTARY FOR FEBRUARY 1,2006