FxWirePro: USD/CAD bull rallies on; buy one touch spreads to trade HY vols on the verge of crude inventory check

We tend to reiterate quite often distinguishing facts from fiction. It seems USD taking a halt from its non-stop ruthless bull run against CAD which has started almost a month ago (on 18^th June). Yes, it's loonie that is looking weaker against almost all major pairs, the main driving force being falling crude prices. The pair has spiked up from the lows 1.2126 levels with minor hick-ups to reach 6 year's highs.

We recommend on speculation basis buying one touch binary calls in order to extract leverage on extended profits. By employing these binary delta calls one can multiply returns by twice, thrice or even pour returns unimaginably. But do remember this strictly for speculative grounds.

The prime merits of such one touch option spreads are high yields during high volatility plays. Wider spreads indicates lack of liquidity. The spreads for one touch USD/CAD options are constant time and barrier levels. Usually, such binary options for every change in 1 pip the relative change in option price 0.01% or even exponential at high implied volatility times.

We all know that the major driving force for loony's depreciation has been dropping global crude prices.

Today's crude inventory check plays a significant role in setting up of next stage for USD/CAD and thereby during the US trading session would experience the high volatility. We believe one touch Vega spreads can be the best suitable options to trade HY vols.