The euro is stable and the yen is gaining ground on the risk-off atmosphere. What’s next? Here is their view, courtesy of eFXdata: Bank of America Merrill Lynch Global Research argues that EUR/JPY offers a better expression for global risk view in the G3 pack. “We examine this in the context of EUR/USD and USD/JPY, showing that while the two pairs share roughly similar volatility-adjusted carry, their sensitivities to risk metrics have been quite different. Most plainly, while USDJPY has been positively correlated with its vol-adjusted carry, EURUSD has displayed a negative correlation,” BofAML notes. “The bottom line is that carry matters for the USD, but more for some pairs than others for a variety of fundamental reasons. From a trading perspective, we believe this means EURJPY offers a better carry-neutral, low vol expression of views on how the global risk outlook evolves particularly after the outcome of US-China trade negotiations,” BofAML 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. Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Daily Look share Read Next RBA: After May hold, expect cuts in August and November – Westpac FX Street 3 years The euro is stable and the yen is gaining ground on the risk-off atmosphere. What's next? Here is their view, courtesy of eFXdata: Bank of America Merrill Lynch Global Research argues that EUR/JPY offers a better expression for global risk view in the G3 pack. "We examine this in the context of EUR/USD and USD/JPY, showing that while the two pairs share roughly similar volatility-adjusted carry, their sensitivities to risk metrics have been quite different. Most plainly, while USDJPY has been positively correlated with its vol-adjusted carry, EURUSD has displayed a negative correlation," BofAML notes. "The bottom line is… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
