Long CAD - Expect Data to Beat
The best trade today for me maybe this CAD play. I'd be quite early to put this on but I'd not be around to monitor it properly otherwise.
I expect CAD's Data to beat but the market is generally short CAD. Most concentrated in AUDCAD and CADJPY. So I'd Long CADJPY now and Short AUDCAD..each with 1/2R. I will be out if I'm wrong on the data though. Also may take off USDCHF soon as I really don't want to take NFP while not at the desk.
I expect CAD's Data to beat but the market is generally short CAD. Most concentrated in AUDCAD and CADJPY. So I'd Long CADJPY now and Short AUDCAD..each with 1/2R. I will be out if I'm wrong on the data though. Also may take off USDCHF soon as I really don't want to take NFP while not at the desk.
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