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Staines: Avoiding the central banks' trading traps
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The ECU Group's Head of Trading, Neil Staines, has real concerns about the trading landscape in the coming months. With the Fed most likely to raise US rates next month, the ECB could surprise and add even more stimulus than many people are expecting and traders, he says, must be particularly vigilant.
Neil believes the US dollar will continue to rise and the euro could take further hits. EURJPY could soften significantly towards the end of the year, he says. Equities too are looking vulnerable as central bank policies diverge.