Morgan Stanley Trade Of The Week: Buy EUR/CAD

Notícias do Mercado

31 agosto 2016

Morgan Stanley Trade Of The Week: Buy EUR/CAD

"Insurance against an early hike:

As long as the markets have to deal with the prospect of the Fed hiking rates, the USD should remain supported. However, USD strength should be limited and difficult to trade suggesting to us to look into alternative currency pairs which would rally too should the Fed hike rates early.

We think bullish EUR crosses should do well for other reasons too, but an early Fed rate hike would certainly add to upside momentum.

EURCAD, EURAUD or EURKRW are good candidates to rally from here. Our trade of the week is to be long EURCAD," MS says as a rationale behind this call".

French CPI below forecasts - Insee

A day full of important events as we expect the EU preliminary CPI and US ADP to move the markets significantly. Also oil traders keep an eye on US crude inventories

O foco de mercado

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