Thursday, October 28, 2010

AUD: after achieving parity Aussie successful strategy was the sale of the growth

After a brief touch 0.9650 in late trading session in London, the Aussie is gradually recovering from the night and is now above the level of 0.9750. Appeared fairly decent and extensive consumer interest in relation to Aussie from corporations, central banks and traders, protecting optional levels. How robust is the night movement, remains to be seen. Since the achievement of parity in the last week, the most successful strategy was the sale of the growth. It seems that is a very large number of long positions, which have not yet been eroded. Optimum result for them next week will be a significant amount of additional programs QE by the Fed, at least 1 trillion dollars. Meeting of the Reserve Bank of Australia on Tuesday after data CPI, which will be published this week and is expected no change in rates will not happen.

Translate this page

Search This Blog