Get started
Zawacapital

Bullish positioning on CAD is slowly diminishing

Long
U.S. Dollar / Canadian Dollar (FX:USDCAD)  
Zawacapital  
FX:USDCAD   U.S. Dollar / Canadian Dollar
Trend Analysis Beyond Technical Analysis Wave Analysis USDCAD usdcadlong usdcadforecast usdcaddaily usdcadsetup usdcadanalysis usdcadsignal usdcadidea usdcadlongsetup
4
0
trendanalysis beyondta waveanalysis usdcad usdcadlong usdcadforecast usdcaddaily usdcadsetup usdcadanalysis usdcadsignal usdcadidea usdcadlongsetup
USD still enjoys high carry 2.6% vs EUR over, making short USD positioning unattractive. No currency in the G10 FX space offers a higher yield than the dollar.

Market expectations earlier in the year that policymakers will not be able to fulfill their tightening ambitions turned to bets that the next move in interest rates will be down as the economic outlook deteriorated while the trade war saga dragged on.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.