USD/CAD risk reversals adopt a bullish bias

USD/CAD turn positive, at highest since March 20.

The USD/CAD one-month 25 delta risk reversals (CAD1MRR) are being paid at 0.20 CAD puts vs 0.1 CAD calls on April 18.

The risk reversals turned positive on April 21, signaling the implied volatility premium for CAD puts is higher than the implied volatility for CAD calls i.e. CAD bearish bets are in demand. The risk reversals add credence to the recent rally in USD/CAD from 1.2527 to 1.2861.

CAD1MRR

Apr 24, 2018

GBP/USD drifting below 1.4, struggling to find buyers

The GBP/USD is bouncing slightly in the Asia session, pushing back up into 1.3950 ahead of the European markets. The Sterling has tumbled against the

Australia: Core CPI reaches 2% at last - TDS

Australia’s underlying inflation, which is the RBA’s policy focus, has at last reached 2%/y, back within the RBA's target band of 2-3%, and a welcome