FXStreet (Delhi) – Research Team at RBC Capital Markets, lists down their strategic trades amongst the G10 FX space for 2016. 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 reentered in mid-2015. Finally we have short EUR/SEK as a trade to watch.” For more information, read our latest forex news.