March winds down tomorrow
Month-end is a sketchy time to make a short-term trade. It's a condensed finish to the month because of the way Easter fell and that could make for some choppy moves at the London fix and throughout the day.
At times, the moves can set up longer-term trades as ranges are pushed to extremes. The Canadian dollar has been a big beneficiary to flows this week on the condensed oil settlement and USD/CAD broke 1.3000 in the latest move. Westpac was out with a note yesterday saying to buy the pair of this drop runs deeper.
The economic calendar is light today but I'll have a package on April seasonals later.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
