Foreign Exchange Outlook - April 2025
How quickly things change. At the start of the year, we upgraded our forecasts for the US dollar (USD) in the aftermath of the US presidential...
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FX Snapshot - Shifting Views Suggest a New (Lower) Trading Range for USDCAD
The recent strength in the CAD has been notable and we’ve been encouraged by the CAD bullish break of the trading range that had been in place...
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CFTC - CAD Bears Vulnerable to Short Squeeze As JPY Bulls Build On Large Longs
The aggregate speculative bearish USD position more than doubled in the week ended April 15, widening nearly $6bn to a net short $10.1bn.
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Weekly CFTC Sentiment Report - USD Sentiment Weakens, JPY Bullish Mood Builds
After a couple of weeks of indecisive positioning, CFTC data for the week through April 8 showed a more obvious shift in Non-Commercial...
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FX Snapshot - Is the USD Losing Its Safe-Haven Status ?
An unusual aspect of the recent market volatility is that the USD has fallen in tandem with the sharp decline in US equities (and is today...
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