On top of everything else in Europe, euro zone GDP will be reported on Tuesday. Here's a surprising trading strategy.
Sure, Greece is in chaos, and Spanish bond yields are being scrutinized. But have you heard about the upcoming euro zone GDP report?
Andrew Busch, global currency and public policy strategist for BMO Capital, has been looking at the forecasts, and he has a surprising trading plan.
"The sentiment is really bearish on the euro," he says. "I want to try to fade this a little bit going into the number," so he has developed a playbook.
Busch told CNBC's Melissa Leethat most investors expect euro zone GDP to come in around -0.2%. So his plan is to sell the euro and buy the British pound if the figure comes in below -0.4%, and buy the euro against the yen if it is above -0.2%.