We have learned it the hard way – political turmoil is the reason for economic instability. That is why we often try to stay away from the countries which hold elections or which are on the brink of important political decisions. But it seems that sometimes different circumstance all for different resection and different decisions. And this can be proven by Canadian dollar – a currency, a country of which is going through elections right now – is ready to show us that when we have nowhere to go, we go to any asset, even the volatile one.

These Canadian elections are very important as they have all the chances to stop the world from worshipping its current Justin Trudeau. He is young, handsome and very popular. He made a lot of right decisions, but controversies surrounding his name are still taking a toll on his image and even a photo from 20 years ago became the reason for societal judgement. But, despite all of this USD/CAD chart is going lower and lower. In this situation this can only mean one thing – USD is not strong enough.

The truth is that USD has been on its weakest legs for the past several weeks. Plus, the fact that Canadian economy is doing just fine is not really helping the chart to grow steadily. Right now there are simply too many questions surrounding both – Canadian and American economies, that we are forced to choose between them and of course we choose Canada, with all of the trouble plaguing the performance of the greenback and American economy is general.

Yes, there are too many questions. It is good that we have trading signals to help us answer them.