Bank of America's three best FX ideas for 2015 via ForexLive

‘Tis the season for bank PR departments to milk 2015 prediction lists. Today Bank of America released a handful of its best ideas for various markets.

In FX.

1. Sell AUD/USD at 0.8710 with a target of 0.7800 and a stop loss at 0.9000. They say that's their best risk-reward trade for next year as China and the US diverge.
2. They also recommend selling CHF/NOK at 7.00 with a target of 6.25 and stop at 7.42.
3. Their best tail risk trade is a 1-year call option in USD/CAD at 1.2700. I suspect their looking at Canadian housing or commodities as the CAD tail risk.

posted via ForexLive