Canadian Greenback, Australian Greenback Outlook: Positioning Hints Decrease

Canadian Greenback, USD/CAD, Australian Greenback, AUD/USD, IG Shopper Sentiment – Speaking Factors

Canadian Greenback Eyes BoC as Australian Greenback Awaits Native Jobs Report

This week, I mentioned the outlook for currencies such because the Canadian Greenback and Australian Greenback incorporating IG Shopper Sentiment. USD/CAD and AUD/USD face the Financial institution of Canada (BoC) and employment information respectively. The markets are leaning in the direction of the dovish aspect of the spectrum for the BoC and the RBA this yr. How are merchants positioning themselves and the way can that impression CAD and AUD?

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USD/CAD Sentiment Outlook

In accordance with the IG Client Sentiment report from January 21, retail dealer information exhibits that about 53.44 % of USD/CAD…