Home G10: How To Trade This Month? – TD
Daily Look

G10: How To Trade This Month? – TD

Taking a look at the G10 currencies, what trading opportunities lie ahead?

Here is their view, courtesy of eFXdata:

TD Research flags its key  trading opportunities in the month of June.

“Lockdown exits have priced in too much optimism versus economic realities. Staggered US reopenings should intensify political pressures while the rhetoric between the US and China ratchets upward. European developments reduce the EUR’s medium-term tail risks but create headaches for GBP, which has a twin deficit and Brexit problem,” TD notes.

“We maintain a defensive posture, remaining long USD, JPY versus GBP, EUR…NOK remains attractive on positioning and valuation, favoring topside against GBP and SEK. AUD still remains vulnerable in the short-run, suggesting  short-term tops in AUDCAD and AUDNZD,” TD adds.

For lots more FX trades from major banks,  sign up to eFXplus

By signing up for eFXplus via the link above, you are directly supporting Forex Crunch.

Kenny Fisher

Kenny Fisher

Kenny Fisher - Senior Writer A native of Toronto, Canada, Kenneth worked for seven years in the marketing and trading departments at Bendix, a foreign exchange company in Toronto. Kenneth is also a lawyer, and has extensive experience as an editor and writer.