FBS Holdings: forex trade recommendations for this week (Danske Bank)
Currency strategists at Danske Bank advise investors to avoid risk this week and buy save heaven currencies such as Swiss franc, Japanese yen and US dollar. The specialists recommend selling Swedish krona, British pound and Australian dollar.
According to Danske, franc and yen have strong upward potential. Switzerland’s currency looks especially undervalued. Swedish krona is confronted by the interest rate dynamics, while pound is under pressure due to the technical factors. As for Aussie, it’s necessary to be short at the currency as last week its rate surged.
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FBS Holdings Inc. is an international brokerage company that provides its clients with access to world financial markets – forex, CFD, futures.