Nomura: trade ideas for January
According to analysts at Nomura, the Fed's meeting brought more clatity to the markets. In their view, EUR/USD now targets 1.2000 by the end of January.
They also expect the Canadian dollar to weaken versus its American counterpart in the coming months. "We think the Bank of Canada could make very sizeable adjustments to its macro projections when they update them in January. As such, we recommend USD/CAD long exposure with a target of 1.20 and a stop at 1.14.”