CAD ‘bulls’ are looking to the crosses for some early week wins, especially GBP (£1.6766) and EUR (€1.4980) and will avoid the pain of the long dollar positions in this ‘risk off’ emerging market debacle. Demand for the U.S dollar does not look like slowing down any time soon and with three-month U.S T-Bills at +2% certainly makes the ‘long’ dollar position the safe haven of choice. From a technical perspective, the EUR now trading through the €1.1500 outright now looks more vulnerable, especially if the market begins to focus any further negative attention on Italy in respect to its exposure to Turkey and by the ... (full story)