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FX Essentials

Published 01/15/2018, 07:07 AM
Updated 05/14/2017, 06:45 AM

EUR/NOK 6 with year-end NOK headwinds fading, we like to sell the cross on valuation, real rates, relative growth and oil prices.

EUR/SEK 6 we see EUR/SEK as a buy on dips; focus on inflation and housing data although this week's calendar is empty.

EUR/USD 6 momentum is strong but we look for this to fade on a softening ECB stance near term; only shallow dips likely though.

USD/JPY 6 risks skewed to the downside amid BoJ QE concerns and stretched positioning, but watch out for BoJ actions.

EUR/GBP 6 Risk skewed to the upside short term as Brexit optimism could decline again. A test of 0.8982 seems likely.

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