Long position.
[i ]A very fundamentally favoured trade. OPEC meeting regarding output has ended in stalemate. CAD will be sold off in response to this. EURUSD is also benefiting on medium term readjustment of DXY as bearish momentum picks up. Therefore, EURCAD is a favourable long with the macroeconomic divergence. Technicals align also Multiple wick rejections on demand...
30 year T-Bonds potentially to new lows as the USDollar depreciates and the stock markets increase in values. Yields should boost with this downwards move
short Gold
Simple Wolfe Wave. There are a myriad of factors that support a bullish movement such as the collapse in commodities and the lack of confidence in the FED's monetary policy. EUR and AUD are akin in the aspect that they are both fundamentally in precarious positions with expansionary monetary policy on the lips of both Stevens and Draghi however, Euro bulls will be...