From the FXWW Chatroom: HSBC AMFX: The selloff in European equities is getting big enough to matter, I think. It could lead to some mild contagion to US equities and EM next week. I think the next few days will be a rough patch for risky assets.
One simple way to play this is short EURCHF. Check out this chart of DAX/bunds ratio vs. EURCHF. I also like USDTRY higher as it has formed a really nice base down here and the newsflow there remains bad.
I have cut my AUD and NZD bullish views. I was totally wrong on the RBA and if risky assets sell off, AUD and NZD are insanely rich short-term.
One simple way to play this is short EURCHF. Check out this chart of DAX/bunds ratio vs. EURCHF. I also like USDTRY higher as it has formed a really nice base down here and the newsflow there remains bad.
I have cut my AUD and NZD bullish views. I was totally wrong on the RBA and if risky assets sell off, AUD and NZD are insanely rich short-term.