7 May | Other

Traders optimistic about Canadian dollar following Carney-Trump talks

Traders optimistic about Canadian dollar following Carney-Trump talks

Derivatives traders are the most bullish on the Canadian dollar in 15 years. The optimism spiked after Canadian Prime Minister Mark Carney met with US President Donald Trump, according to Bloomberg.

One-month risk reversals on the Canadian dollar have jumped over eight basis points, hitting its highest level against its US counterpart since late 2009.

During negotiations at the White House, Carney defended Canada's sovereignty while Trump reaffirmed he would dictate tariff levels for US trading partners, Bloomberg reports. The loonie rallied to a fresh high of 1.3749 against the greenback. Some strategists suggest the positive sentiment on the Canadian dollar could squeeze short positions held by hedge funds in the derivatives market.

Gold sell
Period: 21.07.2025 Expectation: 6600 pips
Gold correction looms amid overbought conditions and stronger dollar
Today at 10:58 AM 33
Period: 18.07.2025 Expectation: 1100 pips
Silver prices surge toward $40 level
Today at 10:02 AM 21
Period: 11.07.2025 Expectation: 920 pips
GBPUSD falls as UK GDP unexpectedly shrinks
11 July 2025 52
Brent sell
Period: 17.07.2025 Expectation: 150 pips
OPEC's gloomy forecast drags Brent crude prices lower
11 July 2025 63
Period: 17.07.2025 Expectation: 26000 pips
Institutional investor demand could push ETHUSD to 3,000
10 July 2025 79
Period: 16.07.2025 Expectation: 2000 pips
USDJPY prepares to retest 148 Level
10 July 2025 68
Go to forecasts