Trading Opportunities

Why have CAD short positions hit record high?

Net short position in the Candain dollar is at their largest since data collection began in 1986. As of June 11, non-commercial accounts increased their net short positions in the Canadian dollar to 129,493 contracts, up from 91,639 the previous...

Bracing for UK Inflation & BOE decision

In the UK, inflation data expected tomorrow is projected to fall to 2% in May, down from 2.3% in April. This would mark the first time since April 2021 that inflation has hit the Bank of England’s 2% target. However,...

BofA sees Aussie dollar outperforming

Bank of America anticipates diverging monetary policy paths between the Reserve Bank of Australia (RBA) and the Swiss National Bank (SNB) after their respective June meetings, with the RBA seen as one of the last major central banks to cut...

RBA decision: Will the Aussie Dollar break out?

A potentially interesting week awaits the Aussie dollar, with the Reserve Bank of Australia (RBA) expected to hold its interest rate unchanged. Money markets price around a 97% chance for rates to remain at the current level and only a...

ECB just cut… Is it BOE’s turn next week?

The European Central Bank (ECB) initiated its cutting cycle last week on June 6. Expectations are that ECB policymakers are in no hurry to follow this first cut with a second one. Next week, we will see how much of...

Japan rate decision Friday: A deeper look

Japan's wholesale inflation surged in May at the fastest annual rate in nine months, data revealed yesterday, indicating that a weak yen may be exerting upward pressure on prices by increasing the cost of raw material imports. Producer prices in...

ECB speeches, Macron, and FOMC stir EUR/USD

A high number of European Central Bank (ECB) officials are making public speeches in the 24 before the Fed rate decision this week Wednesday that could help or hinder the EUR/USD. Also, thrown in the mix now is French President...

Fed decision time: Rate cuts before Nov election?

The U.S. Federal Reserve is anticipated to maintain the federal funds target range at 5.25%-5.5% when officials conclude their two-day meeting on Wednesday. Investors will be scrutinizing the statement to learn when the central bank might eventually reduce its rate...

USD/JPY as BOJ rate decision approaches

The US federal Reserve is not the only major central bank making an interest rate decision this week. So too, will the nonconformist Bank of Japan (BOJ). In its April policy meeting, the BOJ highlighted upside risks to inflation and...
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