Forex trade ideas from Citi and Credit Suisse

Discussion in 'Market News' started by ForexLive, Nov 16, 2015.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
    Likes Received:
    FX trade of the week The dollar is off to a strong start this week and two banks see more to come. Citi says to buy USD/CHF this week (spot at 1.0101). "We would point out that recently Swiss rates have turned more negative, leading to our bearish view on the currency. Investors are becoming increasingly concerned what ECB policy expansion will mean for the SNB. 1w and 1m USDCHF risk-reversals are increasingly less bid for puts, highlighting a turn in sentiment in vol space as well.

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