Sep
13th
Tue
13th
3 Short-Term Recommended Currency Trades From Goldman Sachs
This morning, Goldman put out these three currency trades
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The following trading ideas from the Global Markets Group reflect shorter-term views, which may differ from the longer-term ‘structural’ positions included in our ‘Top Trades’ list further below.
In FX:
1) Close long EUR/TRY, opened at 2.1620 on 9 February 2011, after closing below the trailing stop for a potential return of 9%.
2) Stay long EUR/$, opened at 1.4085 on 18 March 2011, with a target of 1.50 and a stop on a close below 1.35, now at 1.3611.
3) Stay short USD against a basket of NZD, RUB, SEK, KRW, MYR and CLP, opened at 100 on 10 August 2011, with a target of 105 and a stop on a close below 98, now at 98.3.
