- Analytics
- News and Tools
- Market News
- CFTC data point towards the CAD for those who want to buy an unloved currency – SocGen
CFTC data point towards the CAD for those who want to buy an unloved currency – SocGen
Kit Juckes, Chief Global FX Strategist at Société Générale, analyzes CFTC data, highlighting the Canadian Dollar as an attractive currency.
Long EUR/USD may be a frustrating ride
“There isn’t much wrong with being a Dollar bear – relative monetary policy prospects and the high historic Dollar valuation are both going to help – but long EUR/USD (in spot) may be a frustrating ride as positioning causes frequent pullbacks.”
“The speculative market’s still short GBP and CHF, so maybe those are better bets, though the extent of divergence from the EUR/USD trend will be limited. For those who want to buy a currency which is properly unloved, the CFTC data point towards the CAD.”
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
