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Citi's trade of the week recommends........>

EURO-SEK
EURO-SEK: Citi's trade of the week recommends shorting EURSEK at Sek10.2775,
targeting Sek10.1000, with a stop loss at Sek10.3700.
Citi write: "Cleaner positioning: After taking macro investors to the woodshed
time and again for the past year, we think positioning is clean for tactical
EURSEK downside. Indeed, given the number of burnt fingers in the Scandis,
positioning is currently extremely clean, both from the fast money as well as
real money communities. This shows up in the CitiFX Global Flows data, with net
Real Money 4w accumulated flow having only just turned positive very recently,
with Leveraged flow more neutral."
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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