News Column

ANALYST'S PICK

July 22, 2014

CHRIS VECCHIO



My pick: Long sterling-Swissie and dollar-Loonie, short euro-sterling and euro-dollar Expertise: Fundamental and technical analysis with risk management Average time frame of trades: A few days to a few weeks One theme removed from the crisis gauntlet, renewed euro depreciation, has a chance to influence prices this week, as long as focus continues to shift to the weak inflation, weak growth environment. Wthin this context, we continue to eye euro-dollar as it tests the ascending trendline from the July 2012 and July 2013 lows. We also continue to monitor the sterling-crosses, but not necessarily for direct impact from the British pound. Instead, sterling-Swissie serves as our preferred proxy for indirect euro exposure; and sterling-Loonie remains a prime breakout opportunity, especially as dollar-Loonie attempts to base off of major trendline support from the September 2012 and September 2013 lows.


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Source: City A.M. (UK)


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