From Westpac overnight … suggests a few trades based on their G10 model signals & their expectations for upcoming data/events:

  • In summary … be short EUR, CHF and long CAD, NOK, and GBP
  • Looking to sell EUR/USD on strength (they nominate at 1.3295)
  • To buy GBP/USD $1.6450
  • Sell USD/CAD $1.1055
  • Sell EUR/NOK 8.2375
  • Buy USD/CHF at 0.9030

On the upcoming data/events:

  • “September should be characterised by a strong dovish message from Draghi at the ECB’s next press conference” (Coming on September 4)
  • Looking for “200k+ US payrolls gain” (September 5)
  • Says the FOMC meeting should “inches further toward normalisation” (September 17)
  • Look for strong uptake at the ECB’s first TLTRO (September 18)

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(Hope those dates are right .. I haven’t double checked)