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Trade of the Week ideas: BARX: Trade for......>

FOREX
MNI (London)
FOREX: Trade of the Week ideas:
BARX: Trade for the week ahead: Long USDCAD We recommend long USDCAD targeting
1.272 (spot ref: 1.2391, stop-loss: 1.2128). Some tightening expectations priced
for this week's BoC meeting are likely to be disappointed by inaction, causing
CAD depreciation. While political headlines in the US may weigh on USD, currency
reactions tend to wait until it gets closer to the deadline
RBC: Holds long Aud, but closing short Nzd and switches in short Gbp. Short at
A$1.6264, Target A$1.5940, Stops A$1.6430.
CITI: Long NZ$/Jpy at Y78.38, target Y80.00, stops Y77.60
MS: We like to sell USD/CAD at market with a target of 1.2100 with a stop of
1.2450
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com

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