http://www.bloomberg.com/apps/news?p...d=aCM5WaqsP.98
pimco says euro/usd should rise to 1.6 by end of the year. current cross rate is fluctuating between 1.4 to 1.42. If you wait it bounce back to 1.40 or even 1.41, buy 1-2 million worth of euro and hold it until end of the year. you should make about 14%.
this is a long term trade idea. what do you guys think?
pimco says euro/usd should rise to 1.6 by end of the year. current cross rate is fluctuating between 1.4 to 1.42. If you wait it bounce back to 1.40 or even 1.41, buy 1-2 million worth of euro and hold it until end of the year. you should make about 14%.
this is a long term trade idea. what do you guys think?