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Recommended top trades for 2016 – Goldman Sachs

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Jan 12, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    FXStreet (Delhi) – Robin Brooks, Research Analyst at Goldman Sachs, lists down the top recommended trades of 2016 from the research house.

    Key Quotes

    “Longer-term structural views are expressed in our Top Trade recommendations. These are typically managed with a wide stop, and assessed on the basis of whether the fundamentals continue to support the medium-term investment theme.

    • Stay long USD against an equally weighted basket of EUR and JPY, opened on 19 November 2015 at 100, with a spot target of 110 and a stop loss of 95, currently trading at 96.79.

    • Stay long 10-year US break-even inflation (USGGBE10 Index), opened on 10 November 2015 at 1.60%, with a target 2.0% and a stop on a close below 1.40%, currently trading at 1.52%.

    • Stay long an equally-weighted basket of MXN and RUB versus short an equally weighted basket of ZAR and CLP, opened on 19 November 2015 an entry level of 100, total return target of 110 and stops at 95, currently trading at 98.36.

    • Stay long a basket of 48 non-commodity exporters (GSEMEXTD Index) and short a basket of 50 EM banks stocks (GSEMBNKS Index), opened on 19 November 2015 at 1.12. We will monitor this trade as the ratio between the two indices, with a target of 1.30 and a stop-loss of 1.04, currently at 1.15

    • Stay long 5-year 5-year forward Italian sovereign yields vs short 5-year 5-year forward German yields, opened on 19 November 2015 with an entry level of 160bp, target of 100bp and stop loss of 190bp, currently trading at 145bp.

    • Close long large cap US banks through the BKX Index relative to the S&P500 on 11 Jan 2016, opened on 19 November 2015 at 100, with a potential loss of 5.4%.”
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