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Thomson Reuters
Sep 28 - 11:00 AM
EUR/JPY: Short Best Tcatical S/T Trade; GBP/CAD: Long Best M/T Trade On Crosses Into Year-End - TD
First appeared on eFXplus on Sep 28 - 09:03 AM

TD Research discusses some of its trading strategies views and prefers short EUR/JPY as a tactical short-term trade, and long GBP/AUD as medium-term trade on the crosses into year-end.

"For those that want to express a negative view on Europe, we think short EURJPY offers better value, given the how cheap USDJPY vol looks currently. USDJPY is properly stretched at these levels as well..Short EURJPY remains the best tactical option at the moment, especially given how cheap USDJPY vols look," TD advises. 

Long GBPCAD offers the most value on the crosses going into the end of the year, especially if the Parliament put reduces some of the Brexit tails risks," TD adds. 

Source:
TD Bank Research/Market Commentary

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