Basecase scenario. We get a debt ceiling solution for more than 6 weeks and the government reopens.
- USD/CAD longs – The nice little pullback this afternoon is a solid entry. This Canadian dollar hasn’t shown any kind of a pulse this week.
- GBP/USD shorts – The retracement in the pound isn’t over.
Outside of FX, I got short oil, gold and stocks yesterday. I’m looking to get out of the stock trade but I like the oil and gold plays at least through Monday.
