Buy GBPUSD sell USDMXN with a 1-4 week outlook, take profits within 2%. Any questions?
I've been short on forex picks these days. I aim for the near immediate response, sometimes picks like those are hard to come across. I'm shy to short the Yen below support and shy to buy the USD so high up and shy to buy the Euro in general. That doesn't leave me with many choices.Frankly, I am not too willing to touch GBP/USD right now considering how volatile it is.
Probably you can play with Russian rubble should go higher.
Ruble is showing weak correlation with Oil currently. So I think other factors should be taken into consideration such as market sentiments of carry traders.Only if the oil price rises, surely? Hardly on the cards at the moment, one might think, with so much oversupply in the market?
No, Russia is also under sanctions, and most likely Trump is going to lift them .Only if the oil price rises, surely? Hardly on the cards at the moment, one might think, with so much oversupply in the market?