Forex: summer will be hot

Nomura believes that the next 1.5-2 months are a key period for the financial markets. The Fed is going to tighten monetary policy in September, the ECB - to make a message about the start of normalization in September or October, and the rate of the debt market, as a rule, actively respond to the upcoming events for the couple of months before they occur.

The Bank notes that summer - a time of historically suitable for safe-haven assets due to worsening global risk appetite.


Nomura recommends to build their trade on the assumption that the new statistics in the States will be better than the last, while in China, on the contrary, - is worse. If all is true and will happen, the best strategy than buying EUR / NZD and selling AUD / USD you can imagine. As the target has on the euro against the New Zealand Dollar Long featured 1,619 mark.