Macro FX Trade Corner

3 New FX Trades

Macro D is back, this time taking a slightly more exotic route — not for the sake of novelty, but because the usual roads are getting crowded and the pricing is starting to feel a little too comfortable. When regimes shift, staying “vanilla” can be a choice, but it can also be a constraint.

So below, he is laying out 3 trades that express the same core view through a broader toolkit. The process doesn’t change: define the risk first, stay honest about what we don’t know, and size things so we can survive being early or wrong. Same discipline, different tools.

Let’s dig in.