Fundamentals Battle Positioning, Real Yields Support the USD
In the FX market, fundamentals are battling excessive positioning in several currencies, including the AUD and NZD where positioning data suggest...
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Mounting Risks for Eurozone and China
Under-performing Eurozone corporate assets point to downside risk for the EUR, as does higher US real yields and higher US hedging costs. German...
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Old Skool Moves in US Yields and Dollar
US yields shot higher Wednesday after 10-year yields rose above previous highs for the year. While rising US yields haven’t helped the USD all...
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Clouds Clear for CAD, but Shroud EUR and AUD
CAD has shot up in recent sessions as the NAFTA cloud has been lifted. These may not be great levels to buy CAD, but it could continue to...
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Week Ahead in Global Macro: Kavanaugh, NFP, RBA, RBI, Italy, Brazil R1 - Long VIX, NZD, CAD, SGD-CNH
Our guide to this week’s global macro risk events and trading opportunities. This week in trade ideas: We open four new trades - (1) Tactical...
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