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J.P.Morgan Recommend Re-entering EUR/CHF Short

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J.P.Morgan recommended re-entering a short EUR/CHF position late on Tuesday.

  • They noted that “the fundamental drivers (for the call) are still in place: 1) Eurozone growth momentum looks to be stalling, 2) lack of major pushback from the SNB, 3) CHF rate spreads look capped and 4) positioning is still short CHF.”
  • The call came with EUR/CHF trading at 0.9521, with a stop set at 0.9759.
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J.P.Morgan recommended re-entering a short EUR/CHF position late on Tuesday.

  • They noted that “the fundamental drivers (for the call) are still in place: 1) Eurozone growth momentum looks to be stalling, 2) lack of major pushback from the SNB, 3) CHF rate spreads look capped and 4) positioning is still short CHF.”
  • The call came with EUR/CHF trading at 0.9521, with a stop set at 0.9759.