Yen carry trade at risk of unwinding, Apollo’s Slok warns

The majority of hedge funds have managed to stay on top of market ups and downs so far. Analysts, however, have pointed out that they may find it challenging to continue doing this in view of the expected US interest rate cuts. In recent weeks, hedge funds have appeared more cautious in their investment strategies….

EUR/USD dipped to 1.0788 last week but quickly recovered. Initial bias remains neutral this week first. On the upside, firm break of 1.0894 will resume whole rally from 1.0601, and target 61.8% projection of 1.0601 to 1.0894 from 1.0788 at 1.0969. For now, risk will stay on the upside as long as 1.0788 support holds,…