The largest and longest FX moves are the ones where everyone is looking to buy a dip that never comes, is that's what's a happening with the US dollar? CAD and AUD were the only currencies to outperform the dollar Tuesday while the Swiss franc lagged. The Asia-Pac calendar is light. We are adding a new CAD cross to this week's Premium Insights with 2 charts on analysis and rationale. Meanwhile, the GBPCAD short deepens in the green and our 2nd EURAUD short with 1.4550 entry is now netting 400 pips. We will raise the final target to 1.4130 from 1.4100. Full charts, trades & rationale are found here. Full access to trades & charts here.
The US dollar has looked like it might dip this week after a six-week rally but more strong data added fuel to the fire.