The ECB will be the main event, with expectation of QE high after Draghi’s Jackson Hole speech, but the BOJ and BOC will also be keenly awaited. Sentiment remains very bearish on both the EUR and the JPY, but the market is already very short of both currencies. USD sentiment remains strong for now but this is not universal, with both then AUD and CAD making decent gains over the past week.
I’m sticking with my long cable and short USD/CAD positions for now, let’s see what the rest of the week brings.
For intraday players, the NZD and JPY crosses are likely to offer the best trading opportunities and we shall endeavour to find a few no-brainers
Have a great week.