Could the Rally in Canadian Dollar Continue in 2019?
With no recovery in oil prices in sight and Bank of Canada not planning to increase rates anytime soon, long USD/CAD?
With no recovery in oil prices in sight and Bank of Canada not planning to increase rates anytime soon, long USD/CAD?
Dollar may turn softer as US political uncertainties rise, long EUR/USD?
With growth and inflation forecast lowered and dot plot signalling two instead of three rate hikes, USD/JPY could fall further.
With Fed fund futures only pricing in one rate hike in 2019, short USD/JPY?
With both China and eurozone data much worse than expected, sell AUD/USD?
With no rate hike expected from the ECB in the first half of 2019, short EUR/JPY?
If Draghi downgrades growth forecasts and lowers the inflation target for next year, EURUSD could dive lower.
If UK Prime Minister May returns from Brussels with the same deal, we could see sterling dive lower. GBP/USD is at risk to fall further.
Weaker US jobs data and trade tensions could curb sentiment in risk assets, sell USD/JPY?
If Bank of Canada were to disregard the fall in oil prices and focus on normalising the monetary policy, we could see USD/CAD fall.