TradingView
ridethepig
Oct 3, 2018 12:00 PM

Drivers of the loonie Short

U.S. Dollar / Canadian DollarFOREX.com

Description

=> We are eyeballing a move to the 1.25xx handle here with BoC hikes expected this month.
=> Expecting NY to lower the bid as early as today, this trade is not at all crowded ...
=> The Canadian economy is strong and with rising rates the CAD is trading at a discount. There are little idiosyncratic factors influencing Canada other than the recently cleared "NAFTA" 2.0
=> Energy prices are playing a decreasing role with importance starting to shift towards yield differentials
=> The risk to our thesis is a stronger dollar via EUR, JPY and GBP weakness
=> Good luck all
Comments
fxxxxtrader
Looking to Short!
More