Saxo Group Videos

Veksler: Don't bet on EURUSD parity

FX traders are wondering just how far EURUSD can go after it hit a seven month low in recent days. Trader Ken Veksler, the MD of Accumen Management, says we could easily test the March lows of 1.0460 soon. However, he doesn't think parity with the dollar is on the cards and here he explains his trading strategy.

As figures out this Tuesday showed the UK is still in deflation, Ken also looks at sterling. Its strength has confounded some traders but Ken believes its levels can easily be justified.

As we wait to see whether the FED will increase US rates in December and if the ECB will increase its stimulus measures in the coming weeks, Ken is looking further afield for opportunities. They could well lie in the Canadian dollar. He says the recent rise in USDCAD could be overdone and he explains his thinking.

02:55 minutes
Tags: accumen, business, cable, cad, canda, content, content tv, currency, dollar cad, election, eurgbp, euro, euro dollar, eurozone, eurusd, fed, fed chairman, fed meeting, fed policy, fed rates, fed tapering, federal, federal government, federal policy meeting, federal reserve, federal reserve rate hikes, federalreserve, finance, fo, fomc, foreign exchange, forex, forex buying, forex exchange, forex idea, forex market, forex market overview, forex markets, forex saxo bank, forex trade idea, forex trading, forextrading, fx, fx crosses, fx forex, fx market, fx markets, fx options, fx strategy, fx trade, fx trade idea, fx trading, fx tv, gbp, gbp trading, gbp usd, gbpeur, gbpusd, how to trade, ken, loonie, news, pierre, saxo, saxo bank, saxo bank saxo tv, saxo tv, saxotv, television, trading, trading opportunities, trading risks, tradingfloor, tradingfloor.com, trudeau, tv, us, us dollar, usd, usdcad, veksler, video

Switch to