PA - Global Macro

PA - Global Macro

Macro FX Trade Corner

New Trades for July

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Paper Alfa
Jul 03, 2026
∙ Paid

The first half of the year is now behind us, and Macro D’s Trade Corner has continued to deliver exactly what it was designed for: high-conviction macro FX ideas driven by central bank divergence, relative value and evolving macro themes rather than short-term market noise. The results from the opening six months of 2026 have been excellent, reinforcing a disciplined process that has consistently identified opportunities across global currency markets. We are up nearly 37% YTD.

This month’s edition contains five new FX trades, each accompanied by detailed macro reasoning, entry levels, stop losses and profit targets. As always, the emphasis is not on predicting every headline, but on identifying asymmetric opportunities where policy, positioning and market expectations have begun to diverge.

Markets remain headline-driven, and conviction can evaporate overnight. That makes flexibility more valuable than certainty. This month’s Trade Corner reflects exactly that approach, focusing on relative opportunities rather than broad directional bets, while remaining ready to adapt as the macro landscape evolves.

Subscribers can access the full analysis, complete trade rationale and our ongoing performance tracking below.

Let’s explore.

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