UBS: trade ideas for EUR, JPY and NZD
Here are the fresh trade ideas from Dec. 1, prepared by the leading Swiss bank UBS.
EUR/USD: We will stay flexible as flows were mixed last week. Fade a 30-40 pip move in either direction with stops at 1.2380/1.2500.
USD/JPY: The dollar remains well-supported. Buy on dips.
NZD/USD: Stay short, with stops above 0.7950, targeting the November low of 0.7660.