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FX Trading Opportunities After The 'No' Vote - Nomura
In a note to clients today, Nomura explains the FX market reaction following today's victory of the 'No' vote in the Greek referendum. Nomura also provides some insights on its strategy to play a couple of FX trading opportunities. 1- "Last week, our expectation for the market was a knee-jerk risk-off move, followed by stabilization in European rates markets, which would see a degree of stabilization in other markets. We think this basic template is likely to work again, but perhaps play out quicker, as the market is learning quickly," Nomura argues. 2- "We would not be surprised if ranges in EURUSD and EURGBP ... (full story)