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9 Feb 2015
EM FX trade strategy – DB
FXStreet (Barcelona) - Analysts at Deutsche Bank share the FX trade setup for EM currencies.
Key Quotes
“Open long EUR/ILS on expected BoI reaction to hefty appreciation, low inflation, and very extended technicals.”
“Hold short GBP/PLN as likely easing seems priced, but tighten stop in short EUR/HUF on proximity of target and more two-sided risks.”
“Take profit in long MXN/BRL as we expect Brazil-specific risks to ease.”
“Despite overshooting, we wait for more clarity on politics to re-enter long TRY.”
“Stay long USD vv. TWD, SGD and THB in order of preference (and USD/MYR on dips to 3.50).“
Key Quotes
“Open long EUR/ILS on expected BoI reaction to hefty appreciation, low inflation, and very extended technicals.”
“Hold short GBP/PLN as likely easing seems priced, but tighten stop in short EUR/HUF on proximity of target and more two-sided risks.”
“Take profit in long MXN/BRL as we expect Brazil-specific risks to ease.”
“Despite overshooting, we wait for more clarity on politics to re-enter long TRY.”
“Stay long USD vv. TWD, SGD and THB in order of preference (and USD/MYR on dips to 3.50).“