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Looking Ahead To The ECB Meeting On Oct 26
Traders will recall that the European Central Bank (ECB) has previously said that when it meets on October 26, it will likely provide some greater clarity on how it sees its quantitative easing (QE) programme progressing beyond the end of this year. Traders will have their own opinions on what the ECB might do and[…]
Long CAD Positioning Vulnerable?
According to data released last Friday by the US’ Commodity Futures Trading Commission, the size of the net long Canadian dollar position versus the greenback had increased to 75,128 contracts or the week ending October 3, up from 74,605 for the seven days that ended on September 26. With each contract equivalent to CAD 100,000,[…]
Columbus Day Reflections
Friday’s uptick in September’s US average hourly earnings, although it was at least partially a consequence of Hurricanes Harvey and Irma, helped the currency market to look through the headline drop of 33,000 in the same month’s non-farm payrolls. The odds of a December US rate hike rose again while, in the face of a[…]