Strategy Video: My Top Trades for 2015 – EURUSD and EURCHF
Talking Points:
• EURUSD has been tumbling for 8 months, but fundamentals and technicals suggest it can go much further
• Euro-area fundamentals positioned as one of the weakest currencies going into 2015
• Yet, the Euro's weakness may be parried by the SNB to finally lift EURCHF permanently off 1.2000
What do the analysts thing of the Dollar's trading potential in the New Year? Read the DailyFX Top Trading Opportunities for 2015 report.
With volatility steadily rising off multi-decade lows, the potential for progressive and thematic trades in 2015 is extraordinary. However, for me, there are a few setups that stick out above the others. From EURUSD, we may have a well-established bear run; but the fundamental and technical developments that are transpiring suggest there is plenty of bearish progress still ahead of the pair. Meanwhile, the fundamentals may not cast the same strength for EURCHF, but the commitment of a now-common market force (central banks) set an unorthodox support and can eventually mark a major reversal for the patient. I discuss my top two trades for 2015 in the weekend Strategy Video.
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