Tag Archives: CAD

The Week Ahead in FX

In the week ahead investors will be looking ahead to the outcome of Wednesday’s Federal Reserve meeting

At times this week it appeared that patently negative global economic views were being reversed,

Global data has marginally improved but that has not resulted in a definitive risk-on-extension.

Today’s Canadian Monetary Policy Report made scant mention of the precipitous fall in oil prices over the past three months,

We are somewhat impressed with the Canadian’s ability to hold up near its recent highs in the face of renewed strength in the Dollar.

We think the Canadian remains fundamentally and technically oversold.

Like the Pound, the Canadian is garnering some lift from the hope of a return to more positive global economic conditions.

In the week ahead, China and the U.K. and to release preliminary data on third quarter economic growth,

The SG FX Enhanced Risk Premia system has been building a long yen position comparable in size to

The USD position increased as traders added to already long positions, driving the net long to $43bn.

Like the Pound, the Canadian is benefiting from a revival of global risk on sentiment.

Equities, commodities and the Canadian continue to face ongoing deterioration of economic conditions.