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MUFG trade of the week: Going short USD/MXN, and short USD/SEK
MUFG Research added 2 new trades to its TOTW portfolio. Short USD/MXN - (spot ref @ 17.400), Target @ 16.900 & Stop @ 17.800 and Short USD/SEK - (spot ref @ 10.980,) Target @ 10.650 & Stop @ 11.200. "We are recommending a new short USD/MXN trade idea. While the pair has already fallen sharply in recent days, the recent improvement in market conditions is favourable for further carry trade performance," MUFG notes. "We are recommending a new short USD/SEK trade idea. After failing to break abov...
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Posted: Nov 3 2023, 16:40
Author Name: forexlive
Views: 112176