Best FX deal for Q1 is just the reverse of Q4 2018

29.03.2019 / 21:25

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It's already a quarter since 2019, as today is the last trading day of March. What did we learn? The main thing was that the markets exaggerated a lot in Q4. The best deals for the moment are exactly the opposite of what happened then.

In the FX markets, the Canadian is the best. This should not be surprising given the strong employment figures, the surge in oil prices and the excellent GDP report today. The euro was the weakest, mainly due to bad economic data and a passive change in the tone of the ECB.

EUR / CAD fell by 4% for the quarter, but looking at the chart we see that the last candle is just a reversal of Q4.

eurcad-qq

t is important to note that during the Q4, the Canadian made great movement. First fell by 6% against the dollar in Q4 and almost 10% against the yen. So, although it recorded a strong quarter, there is still a great way to go to the levels it enjoyed in September.

Picture: pixabay.com

Trader Aleksandar Kumanov

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Best FX deal for Q1 is just the reverse of Q4 2018

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