Morgan Stanley advised buying of EUR/USD

Forex strategists from Morgan Stanley advise their clients to buy euro against dollar.

"The expectations, that the Bank of Japan may take additional stimulus reduced and the yen rose strongly. Therefore, investors will need another currency, demand of which depends on the growth of anti-risk sentiment. "- Note analysts. -" We believe in this role will enter the euro, which has a chance to rise in the event of a continuing decline of the US stock indices".
By Morgan Stanley added, that after the increase in rates in the US in December, Fed is in a vulnerable position: at the moment the price is fully accounted for only one further raising of the interest rates this year, although recently were mentioned three or four.
Regulators take a wait and corporate earnings in the US fail to stabilize stock markets. All the attention of investors will focus on global macro-economic data is likely to remain weak.

By Morgan Stanley advised buying of EUR/USD at current levels to $ 1.13 and a stop to limit losses below $ 1.0850.