Forex Flash: Reinstate EUR/CHF longs at 1.2260 - UBS
Forex pairs in this Article »
EUR/CHF
FXstreet.com (Barcelona) - For short-term trades, UBS Mansoor Mohi-uddin, Head of FX Strategy at UBS Macro Research, recommends buying EURCHF this week at 1.2260 in addition to UBS idea to be long NOKSEK.
In view of Mr. Mohi-uddin: "Investors are likely to remain risk-seeking until attention switches to America's next fiscal cliff. The likelihood of renewed volalility during February's budget negotiations suggests longer-term investors shouldn't get sucked into selling the US dollar now. Instead, we prefer to wait for opportunities to buy the greenback later this year as improving US data induces the Federal Reserve to scale back its quantitative easing."
In view of Mr. Mohi-uddin: "Investors are likely to remain risk-seeking until attention switches to America's next fiscal cliff. The likelihood of renewed volalility during February's budget negotiations suggests longer-term investors shouldn't get sucked into selling the US dollar now. Instead, we prefer to wait for opportunities to buy the greenback later this year as improving US data induces the Federal Reserve to scale back its quantitative easing."
Free Annual Reports
