Forex Falsh: AUDUSD 1.03 put recommendation with expiry in May - UBS
25.05.12
"We proffer to fade currencies like AUD and NZD vs. USD, although
self-control may be required as it will take the market some time to
into to the conclusion that their best days are behind them, while
effect still provides an important cushion. We persist cautious about
the levels of the Australian, NZ and Canadian dollar against the US
dollar, preferring to deferred for larger declines under parity for
AUDUSD to buy again for the longer settle" the UBS team
explained.
Source: NASDAQ
Forex - USD/JPY, EUR/JPY Flows: Japan FX reserves $1, 302bn, Nikkei, Cross/JPY ...
25.05.12
Cross/JPY, AUD/JPY, AUD/Crossses, EUR/Crosses under upsetting selling pressure since start of this week, on international risk aversion, amidst continued concerns over Greece-PSI deadline. AUD/USD, AUD/JPY further weighed after RBA announcement yesterday signalling RBA still has easing prejudice and RBA concerns over high AUD. RBA Philip Lowe said AUD may overshoot and RBA is alert.
Source: FXMarketAlerts.com