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Risk Appetite Pushes the Envelope
Equities on their way of breaching above the 20% rebound limit.
1.50 which I read could be the GBP bottom for a while. Re today's thought Eur banks easing are we now looking for eur 1.30-1.28?
FRANK: Aussie is being further boosted by the RBA decision to not hold a January meeting (therefore no rate cut) but Im not too enthusiastic about buying it here unless it crosses above its 100-day MA of 72 cents. If it does, then push up target towards 74 cents then get out.
SAJIDA: Cable has legs to make it towards $1.50 this week, while ECB cut this week may drag down EURGBP towards 89 cents. But I do think parity will happen before end of Q1.
How high can the Aussie $ go on this rally ? Is it time to go short the Aussie $ ?
Frank
Could you please post comments regarding short and medium term projections of EUR/ JPY
CATRADER, GBPJPY could rise towards 137 but major resistance stands at 139. BoE rate cut this Thursday may prove GBP positive if it's less than 75 bps.
how do you see the swiss franc performing as we return to risk aversion.Will it be seen as a safe haven play as in the past.
Also great call at the beginning of december regarding the euro.Brilliant.
I'd say 96, but used 97.50 as the Nov 25 high to be on the safe side.
Ashraf