Thoughts on CADCHF and the 'Risk-Off' narrative
It seems like a lot of the recent commentary around CADCHF, particularly with its latest move up to 0.58209, is heavily tied to this overarching 'risk-off' sentiment that's supposedly dominating global markets. While there's certainly some economic data supporting a cautious outlook, I can't help but feel like we're oversimplifying the drivers here and potentially missing other key factors influencing these pairs. Is everyone really convinced it's just about the risk appetite, or are there other fundamental shifts at play that aren't getting enough airtime? Push back on that.
I hear you on the 'risk-off' oversimplification. Sometimes it feels like everything gets shoehorned into that narrative, especially when there are clear fundamental drivers at play that might be getting overlooked.