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Unicredit says to sell EUR/USD at current levels for a target of 1.3300 and a stop loss at 1.3570.
They say the initial post-FOMC US dollar decline has faded and the euro has lagged the correction in other pairs. They note 2-year swap spreads and their proprietary model based on local PMIs.
BNP Paribas also talked about selling the euro yesterday. Rate differential trades are a tough business because things can get way out of line before they correct. In any case, according to BNP Paribas’ …
They say the initial post-FOMC US dollar decline has faded and the euro has lagged the correction in other pairs. They note 2-year swap spreads and their proprietary model based on local PMIs.
BNP Paribas also talked about selling the euro yesterday. Rate differential trades are a tough business because things can get way out of line before they correct. In any case, according to BNP Paribas’ …