News Column

CURRENCY STRATEGIST CHRIS VECCHIO ANALYST'S PICK

August 12, 2014

CHRIS VECCHIO



My pick: Short euro-dollar, long dollar-Loonie, sterling-Loonie and euro-Loonie Expertise: Fundamental and technical analysis with risk management Average time frame of trades: A few days to a few weeks Although forex market volume and volatility are still mostly uncomfortably low for breakout and momentum traders, the recent flurry in activity during the first week of August may be an early sign that the relatively dormant period is ending. Regardless, last week's activity certainly set the stage for bigger moves over the coming days and weeks. Now that the US Dollar Index is nudging through a historically important pivot zone, there is still good reason for leaving short eurodollar, sterling-dollar and long dollar-Swiss franc opportunities on the table. The Canadian dollar (Loonie) might be the biggest loser going forward.


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Source: City A.M. (UK)


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