Like the GBPCAD short trade, probably wait until after the BOE meeting tomorrow before looking for another setup though.
The year may be nearing its last lap, but Nomura isn't done with currency trades, setting six to run through the end of 2017. Here's what the Japanese financial services firm recommended: Get even more bearish on the U.S. dollar Nomura was already bearish on the dollar against the euro and now it's adding the yen. The bank said in a section subtitled "Tweeting weakness" that it expected the greenback was entering its first year of a new, multi-year downtrend. The main reason was a muddy U.S. political picture, it said. "The recent extension of the debt ceiling and government funding only until the ... (full story)