Today’s data doesn’t really change anything, I don’t think. If anything it’s mildly on the strong side.
And a big yummy altcoin visual.
There’s upside asymmetry in EUR, downside asymmetry in CAD, and OPEX trend reversals in NASDAQ.
I think EUR crosses will droop lower into the ECB meeting. NASDAQ 2020-2023 looks like a slow motion version of 1999/2001. If you believe that, this is the place to sell.
Talking about the bearish NQ view and why USDCAD might work even though I was wrong on BoC.
And BOJ and events next week.
I do not think the BoC will hike.
End of an era at the Mighty C.
Every now and then, I like to check in on bitcoin to make sure that what I think I know about it is actually true. That’s what today’s piece is about.
Today I discuss weak German CPI tomorrow and revisit bullish GBP, bullish EURSEK, and bearish USDCNH ideas from last week.
Talking about a seasonal quirk in USDCNH around the turn of the month. Even if you don’t care about USDCNH, there are some broader points on how FX trades into month end.
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