.37 USD cent buffer - hey.... i can handle that .. oh yeah !When you think about it - PYD earns in USD currency - and at present we have a .37 cent buffer zone - so to me that means - we have a .37 cent allottment that cushions our revenues or profits- Sad thing is - where the hell is the reflection in our stock price ? Perhaps the market is seeking that infamus Q-4 release - and i'll be just a watching - to see if the stock has the added valuation - given pyd earns in usd....
So - .37 cents above the CDN dollar....
That's incredible - knowing there's still a .37 cents of asssuance - that's a heluva buffer - before we even reached the par status - and even at a par status - PYD would still be earning a mirrored face value - one for one currency match - in posted in earnings - if a par value was ever to occur - USD paired with the CDN dollar -
Its not a question of will the CDN rise or the USD slide - anymore - though if the usd rose - hey giddy up - but i look at it this way.... anything above 1 cent in USD - is a perfect situation - and having .37 cents is jaw dropping - benifiting pyd incredibly - So in my opinion - the main focus is - anything - anything - anything - above .01 cent in used currency above the CDN - is a gain for us PYD shareholders - and as it is - were looking really at a .37 cent gain - well above the par pair values....
If Q-4 ends in February - but gets posted later - then it all depends on pyd and how they see the currency markets - will they keep it in usd funds - hoping the usd dollar will keep moving higher - ? Or should they cash out in cdn - asap ? I personally think they may have several more months of cushion - and like the forecast below - states it may go on the rise for yet another run higher - driving the cdn dollar lower - BUT - BUT - BUT - currency markets are extremely volatile - very fast moving - and if you've ever traded currerncies - you'll know first hand how fast a market can turn on a dime and go against you in the hundreds of pips - So its best to keep an eye on the over all markets - job reports - commodities and export imports and world affairs to help decipher the currency movements - anything can happen on a whim - and i guess time will tell... Personally i'm looking at Europe right now and especially Germany and all other countries tied to the Euro - interesting stuff....
2016 - USD - CDN - Looking forward ????
- LINK forecast - from a Forex commentator -His opinion -
https://www.forexcrunch.com/usdcad-forecast-feb-8-12/ We start with resistance at 1.4310, which has held since late January.
1.4159 is the next line of resistance.
1.4019 has some breathing room as the Canadian dollar lost ground last week.
The round number of 1.39 is the next support line.
1.3757 was a cap in December.
1.3587 is the final line for now.
I am bullish on USD/CAD
The Canadian dollar has posted strong gains in the past two weeks, but is still vulnerable, trading close to the 1.40 line. The US economy continues to outperform the Canadian economy, and the markets will be speculating about a March rate hike in the US, a move which would bolster the greenback.