Probably not. The past week gave us another round of choppy price action for most risk assets with the start performer being the Euro. This upcoming week will be quiet in economic data terms, but we’ll have plenty of other macro themes to keep us busy as virus headlines should remain a focus, alongside stimulus comments.
Try to focus on longer term trade ideas rather than short term day trades. This will make you less exposed to any day to day shifts in sentiment.
As an oil-dependent economy, Canada is very exposed to big fluctuations in Oil prices, but going into some of the details will help you understand why the impact is bigger than most traders realise.
There are of course many granular causes of why currencies and bonds tend to be correlated, and like most correlations it can sometimes dislocate, however this answer will put you on the right track to understanding this correlation better.
Trade with an edge
A Financial Source subscription is just $97 per month. Cancel in two clicks.