Long EUR/CHF trade recommendation

Author: Eamonn Sheridan | Category: News

A weekend note via Nordea with a ling euro sgainst Swissy recommendation

  • Target is 1.1020 
  • stop loss is 1.0480

Citing:
  • it is the pair that most truly reflects the EUR break up risk premia
  • Long EUR/CHF should work if the EU agrees on a debt deal & is also 
  •  - a decent carry trade 
  •  - has SNB backing as it intervenes
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The first part of their note discusses … 
  • Just when you thought US politics could not be "freaked up" more
…. yes, Kanye:
  • Kanye all of a sudden enters the frame with an Elon Musk backed presidential bidding. What a time to be alive! The bread and butter of a FX/rates market-strategist is getting close to that of a reality TV journalist but ast least it is not boring. Having said that, we opt not to spend more than a few words on the new political weirdo duo in Kanye/Musk as we cannot imagine that anyone would vote for them. #Famouslastwords
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