FXStreet (Delhi) – Research Team at RBC Capital Markets, suggests their favourite trades amongst the G10 FX space. Key Quotes “We still like long USD and our favourite way to express that is through long USD/JPY. We still look for USD/CAD to make new highs in 2016, but for the first time in four years, we are net long CAD in our trade recommendations, expressed through CAD-crosses (short EUR/CAD and short AUD/CAD, only partly offset in EMFX by short CAD/MXN). In vol space, we have two trades. Firstly, although we remain constructive on GBP, we recognise growing risks and expect GBP vol to rise on a relative basis as a result. We also use relative vol to express our view that FX markets ultimately break back out of the World of One Trade that they re-entered in mid-2015. Finally we have short EUR/SEK as a trade to watch.” For more information, read our latest forex news.