DislikedAs for ccy pairs; I guess my safest bet is still USD/CAD, simply because the US is an energy glutton, Cad has lots of it (both oil and electricity); to a large extent Canada has resolved the issue of Medicare (big potential for disaster there in the US with the elections heating up), a budget surplus, a higher dependence on commodity exports, etc., etc. Downside risk of course is that the US is Cad's biggest trading partner, any trouble down in the states will eventually find it's way north..Ignored
Your take on England sounds worrying and I think you're right about the Eurozone stuff - there's been some backstage upheaval about the EUR thing, but mostly from Sarkozy. Haven't kept up to date on that however.
Last I heard even though we perpetuate the "we are mainly an exporting country" myth and that in turns seems to need "weak" EURUSD, there's been no real clamoring except by the usual politicians trying to play the "we can't compete with car sales valued in JPY at this EURJPY rate" card to get some "little people" nods...not that anything the politicians say matters.
Trichet and the ECB are called upon to truly stay vigilant and keep the real issues in focus and I'm curious as to what the "local" response will be in the future about this whole mess...as you said, more people have dallied in this whole toxic CDO mess than like to admit and one of our major credit financing institutionathingies basically had to step in for a branch of some bank thing or other (lacking both the english words and the details here, read the article a while back) so as not to have it collapse under this whole mortgage mess. A lot of more local banks also put their cash into it...
Same thing as the past few weeks though, no idea how contained or ignored this all can stay as long as the system keeps handing itself rescue paper round and round..
But hey - I'm the chart guy anyhow, I don't know how this all works either way =)
But I don't mind learning
Trust price. Know yourself.