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Orginally posted by Daks
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Orginally posted by Mohanjeet
I use refcoforex since I have known this company for over 12 years. Also, they have a big office in downtown at citibank plaza.
Chandresh
is the website address correct...?
http://www.refcoforex.com" rel="nofollow">LINK
cannot get in
This link should work
http://www.refcofx.com/
Daks
Thanks this one worked .
Quote:
Orginally posted by chandresh
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Orginally posted by Skywalker
I use refcoforex since I have known this company for over 12 years. Also, they have a big office in downtown at citibank plaza.
Chandresh
Chandresh
Chandresh Are u in This business or u use otherwise.?
A major part of my job before migrating to Canada was to deal in forex both for hedging company's payables and receivables, as well as for speculation on bosses personal accounts.
I presently do it for myself.
Chandresh
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Chandresh
Advice is free – lessons I charge for!!
Quote:
Orginally posted by chandresh
A major part of my job before migrating to Canada was to deal in forex both for hedging company's payables and receivables, as well as for speculation on bosses personal accounts.
I presently do it for myself.
Chandresh
What do u think is todays US dollor rate good to change savings into canadaian or will it ever go to old days 1.50 -1.60,,?
Itried sending u email if u can look into it.
That's asking for the moon as it appears today. The biggest mistake I did in relation to my US$ savings was that I did not convert it to CAD between 1.40 to 1.45 when it had slidded from 1.60
I realised very late that 1.60 level was the historic low for C$
But then you never know - things can worsen for Canada and the currency reach that point. Today for the first time they seem to be talking of it going back to 1.6 to 1.40 level
Chandresh
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Chandresh
Advice is free – lessons I charge for!!
Location: in the heart of Mrs Saga
Posted on: 26-01-05 06:01:11
Quote:
Orginally posted by chandresh
Today for the first time they seem to be talking of it going back to 1.6 to 1.40 level
Chandresh
Chandresh,
Can you please provide a link to where and what authorities are discussing to lower the canadian dollar value as compared to the US dollar? What do you speculate from your readings, how much time (in months, or years) could it take to go back to the 1.4 rate at least.
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Deal With Reality or Reality Will Deal With You
Faisal,
There are no authorities saying.......it was a constant news in the forex market which keeps changing every minute. The day I had written that, there had been news on the 'live forex news' that I read (since I trade regularly on this market). There had been comments from the finance minister once he saw that the growth in employment for the month of Nov which was stated as (beyond market expectation) at 34K jobs, actually was found to be a lower figure at about 16K if I remember correctly (and the market had been expecting it to be about 15k) - they had found some error in releasing that figure.
Also, they found that the trade surplus they had been enjoying was mostly due to increase in oil prices and since contracts are done 2-3 months in advance, what we saw in Nov was due to trades done in say August/Sept when oil was very high. Similarly they found that the figure of $7.3bn surplus shown for Nov (agaist expectation of 4.5bn) actully was 5.4 bn due to a huge error in the computers at the border where they made a mistake of 1.9bn
Taking all this into account, on 25th jan (I think that was the date - but I might be wrong), they were to announce interest rates, and as expected they left it unchanged, which two months ago they were hoping to increase by .25% in Jan and once again by .25% beofre june. Looking at the economy BOC announced they were not increasing the rate, and the market now expects it to remain constant till atleast Sept - and if things do not improve by them, may be they will decrease the interest rates around that time.
All this taken into account, the forex dealers had in their lingo started talking about the fall from 1.40 to 1.18 and rise towards that figure now.
Chandresh
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Chandresh
Advice is free – lessons I charge for!!
