Our three core calls - HSBC

FXStreet (Guatemala) - HSBC strategists explain in a snap shot their three core calls.

Key Quotes:

"We believe it is time to be long EM – particularly the “fragile five”. Low volatility supports the long EM carry trade especially now that the current account adjustment is fully underway.

"2. We think the EUR will succumb to the policy differences between the ECB and Fed".

"3. We expect a big move lower in GBP as we fear that the UK balance of payments position will become problematic for the currency".