{"id":16405,"date":"2020-07-03T07:14:55","date_gmt":"2020-07-03T05:14:55","guid":{"rendered":"https:\/\/bernstein-bank.com\/?p=16405\/"},"modified":"2020-07-03T07:14:55","modified_gmt":"2020-07-03T05:14:55","slug":"aud-cad-a-great-pair-for-speculation","status":"publish","type":"post","link":"https:\/\/bernstein-bank.com\/en\/aud-cad-a-great-pair-for-speculation\/","title":{"rendered":"AUD\/CAD – a great pair for speculation?"},"content":{"rendered":"\n\n\n
\n

Gold<\/span>\u00a0 \u00a01693,50
\n(-4,58%<\/span>)<\/h4>\n<\/th>\n

\n

EURUSD<\/span>\u00a0 \u00a01,0799
\n( -3,91%<\/span>)<\/h4>\n<\/th>\n

\n

DJIA<\/span>\u00a0 24115
\n(-6,36%<\/span>)<\/h4>\n<\/th>\n

\n

OIL.WTI<\/span>\u00a0 25,095
\n(-37,68%<\/span>)<\/h4>\n<\/th>\n

\n

DAX<\/span>\u00a0 \u00a010609
\n(-15,58%<\/span>)<\/h4>\n<\/th>\n<\/tr>\n<\/tbody>\n<\/table>\n

For the last 11 years, after the 2008 crisis, this pair has been in a narrow range. Traders made a lot of money trading without stopping from the borders of the channel. But things changed with the arrival of the coronavirus.<\/p>\n


\nAUD\/CAD<\/strong><\/p>\n

\"AUDCAD\"<\/p>\n

Above is the weekly schedule for the AUD\/CAD pair. In March, the price broke through the minimum of 12 years and rushed into the abyss, reaching the level of 0.8. That is, the Canadian dollar rose sharply against the Australian dollar. And this is against the background of the strongest fall in oil.
\nWhy did this happen? Australia’s economy is tied to China as much as possible. And with the crises (the same thing happened in 2008), it’s falling much harder than Canada’s, at the expense of reduced exports.
\nHowever, a miracle has happened. Against the background of pumping money by global central banks, the Australian dollar bounced up sharply, reaching 0.94 in June. All this against the background of now sharply rising oil prices. In other words, the Canadian is supposed to grow, but he fell heavily against the Australian.
\nNow we have the following situation. At any moment, the world, including China, will be overwhelmed by a second wave of coronavirus. Once again, there will be a drop in production, trade, traffic. What is waiting for a pair of AUD\/CAD in this case? The answer is obvious, so we suggest watching it closely.<\/p>\n


\nSTOCK INDICES
\n<\/strong><\/p>\n

Meanwhile, stock indices around the world continue to feel very confident. The S&P500 has a real chance to rewrite historical highs.
\nBut what’s next? These highs (slightly higher than in February), will be shown in a completely different economic situation. In winter, the world economy grew, and now many countries are experiencing a free fall. If you think that’s impossible and you short the market… then remember, nothing is impossible in the market.<\/p>\n


\nEuro
\n<\/strong><\/p>\n

Very interesting situation in EURO\/DOLLAR pair. Already by habit, after taking the level at 1.13 and 1.14, everyone was waiting for the usual reversal and hike to the levels below 1.10. This is how it has been happening in recent years. Now the pair persistently refuses to repeat the scenario. Why? We know the answer.
\nOf course, he is not the only one influencing the situation, but he is extremely important for the world cash flows. We’re talking about the swap. For the last few years, carry trader have been making money selling Euros and buying dollars. Their earnings are still there now, but it has dropped dramatically. So, the risks of “sitting in this pair” only for the sake of swaps, begin to outweigh the potential yield.<\/p>\n


\nWhat’s waiting for us today?<\/strong><\/p>\n

09.55 Markit Composite PMI Final<\/p>\n

\n

Important Notes on This Publication: <\/small><\/p>\n

The content of this publication is for general information purposes only. In this context, it is neither an individual investment recommendation or advice nor an offer to purchase or sell securities or other financial products. The content in question and all the information contained therein do not in any way replace individual investor- or investment-oriented advice. No reliable forecast or indication for the future is possible with respect to any presentation or information on the present or past performance of the relevant underlying assets. All information and data presented in this publication are based on reliable sources. However, Bernstein Bank does not guarantee that the information and data contained in this publication is up-to-date, correct and complete. Securities traded on the financial markets are subject to price fluctuations. A contract for difference (CFD) is also a financial instrument with leverage effect. Against this backdrop, CFD trading involves a high risk up to the point of total loss and may not be suitable for all investors. Therefore, make sure that you have fully understood all the correlating risks. If necessary, ask for independent advice.<\/small><\/p>\n","protected":false},"excerpt":{"rendered":"

Gold\u00a0 \u00a01693,50 (-4,58%) EURUSD\u00a0 \u00a01,0799 ( -3,91%) DJIA\u00a0 24115 (-6,36%) OIL.WTI\u00a0 25,095 (-37,68%) DAX\u00a0 \u00a010609 (-15,58%) For the last 11 years, after the 2008 crisis, this pair has been in…<\/p>\n","protected":false},"author":37,"featured_media":13158,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[6],"tags":[],"class_list":["post-16405","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"\nAUD\/CAD - a great pair for speculation? | Bernstein Bank<\/title>\n<meta name=\"description\" content=\"For the last 11 years, after the 2008 crisis, this pair has been in a narrow range.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/bernstein-bank.com\/en\/aud-cad-a-great-pair-for-speculation\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"AUD\/CAD - a great pair for speculation? 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