Post on 30-Apr-2020
transcript
SPECS TRADING TRADE OFTHE WEEKWEEK 26 .02 -02 .03 2018
WWW.SPECULATORSTRAD ING .COM
WWW.SPECULATORSTRADING.COM
CADJPY SHORT
SCOPE FOR FURTHER RATE HIKES ARE
FURTHER OUT AND NO IMMEDIATE
REACTION NEEDED. NOTHING $CAD
BULLISH TO PRICE IN.
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SPECS ARE CLOSING OUT BULLISH BETS
AS MEDIUM TERM VIEW ARE VOID OF $CAD
POSITIVE DRIVERS
DATA WILL BE RELEASED ON FRIDAY 2ND
MARCH. WE COULD SEE $CAD DOLLAR
RALLY INTO THE EVENT AND BOTTOM OUT.
THAT IS OUR IDEAL SCENARIO
MAKES THE CASE THAT BOC CAN'T KEEP
UP WITH FED HIKING AND THEREFORE
CREATING A MONETARY DIVERGENCE.
WHICH COULD BE A MONTH LONG TREND.
PUTTING UPSIDE PRESSURE ON USDCAD
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M I A D K A S R A V I
G O O D L U C K
T O U S A L L
RISING OIL PRICES WILL HELP $CAD RALLY.
BUT GIVEN U.S. OUTPUT WILL CATCH UP
WE BELIEVE THAT PRICES WILL BE CAPPED
AND FAILING TO AID $CAD HIGHER
YEN IN STRENGTHENING ON THE BACK OF
RISK SENTIMENT AND INFLOWS. AS LONG
AS CADJPY IS CONTAINED UNDER 85.50
LEVEL. WE'LL HUNT FOR DAILY AND 4H
INSIDEBARS TO DRIVE THE PAIR TO 81
AREA