FxWirePro: What drives AUD/JPY long portfolios?
Apr 17, 2018 12:42 pm UTC| Research & Analysis Insights & Views
The macro conditions are coming together to drive a pocket of JPY underperformance, albeit one that is likely to be limited in duration and magnitude, weve shown some significant driving forces: 1) We reckon that the...

FxWirePro: Trade and hedge USD/CAD via Diagonal Ratio Call Spreads ahead of BoC
Apr 17, 2018 10:27 am UTC| Research & Analysis Insights & Views Central Banks
The BoC should have an interest in the CAD not appreciating significantly against the USD. After all, it does not want to burden the economic and inflation outlook too much with a strong CAD as the competitiveness of...

Apr 17, 2018 10:10 am UTC| Technicals Central Banks Insights & Views
As you could watch USDCAD technical chart on daily plotting, the minor trend of this pair has been absolutely bearish bias ever since the occurrence of spinning top, shooting star and bearish engulfing patterns (refer oval...

Apr 17, 2018 09:14 am UTC| Research & Analysis Insights & Views Central Banks
The Norges Bank sounds ever more confident about economic prospects and keen to start the process of rate normalization seven years after the last hike. Just today Governor Olsen remarked on the solid prospects for...

Apr 17, 2018 07:40 am UTC| Research & Analysis Insights & Views
The potential near-term NAFTA break-through is a potential catalyst for the recent retracement of this underperformance to run significantly further. Therefore we buy CADJPY (bought at 84.036, stop at 82.34) as a best...

Apr 17, 2018 06:12 am UTC| Research & Analysis Insights & Views
The back and forth in the NAFTA renegotiations has been the main driver of CAD exchange rates in recent months. In the interim, we expect the broad USD to continue to appeal to its countercyclical properties and continue...

FxWirePro: Buy CAD/JPY ahead of Canadian monetary policy, Fed and BoC policy divergence in focus
Apr 16, 2018 16:56 pm UTC| Research & Analysis Insights & Views
Beyond the unwind of the earlier premium versus a heavily broadly discounted dollar as discussed earlier, the other major driver of the 7% trough-to-peak backup in USDCAD in 1Q was the divergence of policy pricing between...