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 - Speculative Traders Edge Back to the USD
Speculative sentiment towards the USD improved in the week through April 1, the first positive shift in Non-Commercial (speculative) accounts’...
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Weekly CFTC Sentiment Report - Speculative Sentiment Shifts Against the USD
Sentiment and positioning data continue to suggest a meaningful shift in broader market thinking on the outlook for the USD.
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