Around the strategists: Any stand-out trading ideas for early European trade?

By: Sean Lee

Short answer is no but there are some reasonable risk-reward trades:

  • USD/CAD seems well capped at 1.0040 so selling rallies with tight-ish stop above 1.0060 seems like a popular trade idea:
  • USD/JPY; very well bid and most strategists favour buying dips varying from 80.90 down to 80.30 (my preferred entry level):
  • EUR/USD; favoured selling near 1.2800 with tightish stops above 1.2825:
  • AUD/USD; once again selling rallies favoured trade:

Unusually most intraday strategists seem to have same views, buying USD on dips with the exception of the CAD.