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#1 09-01-2017 21:13:49

johnedward
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From: Paris - France
Registered: 21-12-2009
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Morgan Stanley's top trading suggestion for this week (9 January)

Morgan Stanley's top trading suggestion for this week (9 January)


http://www.forex-central.net/forum/userimages/morganstanley.gif


Morgan Stanley shares its top forex trading idea for this week (9 January):

"Forex traders should seek to sell the GBP/USD pair on the forex this week. We are targeting a move towards 1.17 in the medium term.

PM May suggested that Brexit is here to find the right relationships, not to maintain relationships, this should cause markets to recalculate the risk premiums on assets in GBP. This quarter could show a combination of slowing investments and the start of negotiations that could weigh down on the GBP.

In addition, the large UK current account deficit will likely leave the GBP vulnerable to higher US rates.

The risk to this trade would be a fall of the USD due to the Fed modifying its interest rate hike expectations."


"Anything worth having is worth going for - all the way." - J.R. Ewing

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