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15 Jan 2015
Top trades in EEMEA - BAML
FXStreet (Guatemala) - Analysts at Bank of america Merrill Lynch explained that though we are only two weeks into the new year, the market has already seen very substantial moves in FX and rates as dropping energy prices and long end US rates have supported a re-pricing.
Key Quotes:
"We take stock of the trades we recommended at the start of 2015. Our top five FX and rates trade recommendations stand as follows:
Long TRY vs basket - on dropping oil prices and the low global yield environment.
Long EUR put HUF call spreads - on a strong growth outlook.
Short RON/HUF - on better carry and recovery in ratings and growth.
Long SA 10y rates vs US 10y - on lower inflation and a better budget outcome.
Long Hungary 10y rates - on IG, growth and the potential to catchup with peers".
Key Quotes:
"We take stock of the trades we recommended at the start of 2015. Our top five FX and rates trade recommendations stand as follows:
Long TRY vs basket - on dropping oil prices and the low global yield environment.
Long EUR put HUF call spreads - on a strong growth outlook.
Short RON/HUF - on better carry and recovery in ratings and growth.
Long SA 10y rates vs US 10y - on lower inflation and a better budget outcome.
Long Hungary 10y rates - on IG, growth and the potential to catchup with peers".