ETF Securities FX Weekly – Misplaced hopes create opportunity
Weekly currency investment views from ETF Securities
Misplaced hopes create opportunity
Summary
Oil prices have rebounded recently over speculation of an output freeze by major producers.
Market hopes appear misplaced and near term disappointment will likely lead to a correction in the coming month.
This presents a tactical opportunity to short the CAD and NOK, which currently sit at multi month highs against major currency counterparts
For more information contact:
ETF Securities Research team
ETF Securities (UK) Limited
T +44 (0) 207 448 4336
E info@etfsecurities.com
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