The Loonie, inflation and commodity prices
July 27, 2024 Leave a comment
The Canadian Dollar will appear in some ‘extreme’ categories in tomorrows edition of Macro Extremes.
The study below shows the CAD/USD dancing with the Bloomberg Commodity Index and the Canadian Inflation Rate.
Incidentally, that Canadian inflation rate has eased from 8% to its current 2.7%.
July 27, 2024
by Rob Zdravevski
rob@karriasset.com.au
rob zdravevski's blog 
Yes…..Lumber. (see chart below)
All have doubled over the past 4 months.
Where to next….
Oil’s bullish trend is still intact,
Silver is overbought, at extremes and warrants caution if you are long (susceptible to a pullback to $18),
and Lumber is a Sell. With its 3 standard deviation above its ‘weekly’ mean and an outside reversal week, it’s time to cash in the (wood) chips.
by Rob Zdravevski
July 27, 2020
rob@karriasset.com.au