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In our weekend digest, we summarize the best pieces published from the working week. These can be read in full by clicking on the link over the name/ticker.

Editor’s Picks – Looking For April Gains

Top Stocks For April – 06/04/22

The team share their favourite plays for the month, including UK listed stocks like CCH, and US counterparts including MTCR.

Top Short Interest – 08/04/22

Robert runs over the most shorted stocks in the US. There are some of the usual large names in there but also some smaller options worth considering.

FX – Noting Big Moves, New Trade Ideas

The FX Review – 03/04/22

Phil runs through the big events from last week including talking through the retracement of USDRUB back to pre-war levels, why GBPUSD isn’t moving and what could be next for USDJPY.

Why RUB is strengthening – 05/04/22

Firstly, it’s important to appreciate the implications of the sanctions imposed both by Russia and on Russia from the West. As part of this, imports into Russia has drastically fallen.

From a currency point of view, imports weaken a domestic currency. To import goods or services involves buying the foreign currency to pay. On the flipside, it involves selling local currency to fund the purchases.

Trade Idea – long EURCAD – 07/04/22

Fundamentally, we view this as the trade that will perform well on the basis of sentiment and concern around the conflict in Ukraine dissipating in coming weeks. The lack of progress from the Russians, along with more positive signs of negotiation, could see markets reduce anxiety fears in coming days. This would be positive for EUR, a currency that is flagging up as oversold vs some G10 crosses.

Being short CAD also allows us to express the view that we think oil prices have peaked. The lack of follow through in the move beyond $100 makes us think that a new top has already been formed. Although we don’t see oil materially moving lower, the appreciation of CAD does make it ripe for a pullback as investors reassess oil forecasts.

To find individual disclaimers on specific stocks, please read the specific article.
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