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Forex pairs in this Article » EUR/GBP (Barcelona) - Research teams at Merrill Lynch said, “The downward trend in the USD DXY index has been in place for three months, however trading this has been difficult given a high level of uncertainty in the market and large corrective pullbacks”.

Key Quotes

“With USD weakness likely to continue in this manner over the coming weeks, particularly now that the focus of investors has turned to US economic data, we analyze other trading opportunities”.

“In addition to carry trades performing well (supportive of AUD and NZD), our equity models suggest a risk positive stance in FX should perform well - with a bullish EUR/CHF stance being identified. Further, we examine two idiosyncratic short-term trades in the form of long NOK/SEK and short EUR/GBP”.
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