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A Look Ahead And Alternatives To Euro Longs - Forex 0 comments
A Look Ahead And Alternatives To Euro Longs - Forex 5/31
This week we saw a spike in the EURCHF unlike any we have seen before in recent weeks. A nice pop up to 1.2070 suggests we could see future volatility and SNB is not afraid to take measures to pull up the EURCHF floor a bit further off of it's current levels. I still recommend this as a carry trade.
Canada had some rough retail numbers and saw a devaluation of as much as 5% this week.
AUD had a rough week too, losing about 2% value and rumors of additional bp interest rate cuts around the corner.
Eur/Usd the most popular currency pair has fallen a bit and is roaming around 1.2360 areas..likely to fall further with momentum.
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