Flash: Buy USD/CAD for a 1.06 target - TDS

Buy USD/CAD at 1.0155 with target of 1.06 and stop of 1.00, says Greg Moore, FX Technical Strategist at TDS. According to Moore, the pair holds a bullish stance in the short, medium, and long term, adding that "levels have become more appealing in recent days, and with decent support in the mid-1.01 area, we think we are near the lows."
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Flash: Players longer USD than any previous Fed pause - JPMorgan

FX positioning in the midst of what might be an important Fed policy transition has been unusually long USD, says John Normand, FX Strategist at JPMorgan. "Typically Fed easing promotes the build-up of USD shorts which are unwound in anticipation of Fed tightening or after US rates have risen to worthwhile levels" Normand comments.
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