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AUD/CAD May Be A Catch-Up Trade In Q3: Q3 Top Trading Opportunities
Article By:
DailyFX
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Sunday, July 4, 2021 7:56 PM EDT
In Q2, my trade of short AUD/CAD had been predicated on US exceptionalism and the growing divergence between the BoC and the RBA. While the US exceptionalism narrative dissipated, the theme of diverging monetary policy continues to bear watching.
Short EUR/CAD On Central Bank Differences: Q3 Top Trading Opportunities
Article By:
DailyFX
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Sunday, July 4, 2021 4:08 PM EDT
Ever since we began recovering from the COVID-19 pandemic, the talk of the town has been inflation and monetary policy. Central banks are going to be in the spotlight, and how they perform is likely to be one of the drivers of currency pairs.
Short USD/CAD On 1.2000 Break, Short Gold As Monetary Policy Shifts: Q3 Top Trading Opportunities
Article By:
DailyFX
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Sunday, July 4, 2021 12:48 PM EDT
The BOC already tapered in April and there is healthy speculation of another such move in the 3Q. That puts the forward yield advantage to the Canadian Dollar and many other fundamental considerations on the USD/CAD pair are largely neutralized.
Trading Support And Resistance - Sunday, July 4
Article By:
Daily Forex
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Sunday, July 4, 2021 10:08 AM EDT
The Forex market saw its level of volatility drop sharply last week, with not one single important currency pair or cross moving by more than 1% in value. Volatility is likely to remain low over the coming week.
The Dollar Reverses Lower: Is This The Real Thing?
Article By:
Marc Chandler
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Sunday, July 4, 2021 9:50 AM EDT
The dollar's bounce extended further than we expected, helped by an aggressively hawkish view of the Fed, which has seen the market price in more than one hike before the end of next year.
USD/CAD: NFP Hurts But Recovery Still In The Cards
Article By:
Yohay Elam
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Saturday, July 3, 2021 1:54 PM EDT
When the NFP data was released the reaction of the USD/CAD pair was positive and it tried to rally. However, the bulls couldn’t hold the upstream and the market reversed. The pair fell for almost 70 pips and closed the week in neutral territory.
Fed Minutes May Temper Hawkish Dots
Article By:
Marc Chandler
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Saturday, July 3, 2021 12:21 PM EDT
The second half of the year is getting underway. Five events should be on your radar, but do not lose sight of the broader context. This year, the dollar has often experienced near-term trend changes around the turn of the month and the US jobs data.
Key Events In Developed Markets Next Week - Saturday, July 3
Article By:
ING Economics
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Saturday, July 3, 2021 11:39 AM EDT
Increased business opportunities in the US are likely to translate into another strong ISM services reading next week, but constrained labor supply remains an issue.
The Week Ahead – Growth And Zero Rate Make Markets Go Wild
Liquidity Is Trapped In The Banks
Article By:
Norman Mogil
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Friday, July 2, 2021 10:04 AM EDT
In rare fashion, the banks are no longer greatly eager to have your deposits, despite the surge in individual and corporate cash balances looking for a home.
US Jobs And OPEC+ Day
Article By:
Marc Chandler
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Friday, July 2, 2021 7:03 AM EDT
The US jobs report and OPEC+ decision are awaited. The dollar remains bid. Only the yen and Canadian dollar are showing a hint of resilience, though, on the week, the Scandis and dollar-bloc currencies are off between around 1-2%.
USD/CAD Rebound Unravels Ahead Of US Non-Farm Payrolls (NFP) Report
Article By:
David Song
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Thursday, July 1, 2021 11:39 AM EDT
USD/CAD seems to stuck in a narrow range as market participants turn their attention to the NFP report.
July 2021 Monthly
Article By:
Marc Chandler
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Thursday, July 1, 2021 9:42 AM EDT
After falling in April and May, the US dollar rebounded in June, gaining against all the major currencies. The move appeared to begin as a technical adjustment to positions after the two-month slide left the greenback over-extended.
The Greenback Is Bid To Start The Second Half
Article By:
Marc Chandler
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Thursday, July 1, 2021 7:11 AM EDT
The dollar is beginning the quarter on firm footing, making new highs for the year against the Japanese yen (~JPY111.60). The euro has been unable to resurface above $1.1860 and is at its lowest level in nearly three months.