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#1 09-06-2015 07:49:47

Admin & Trader
From: Paris - France
Registered: 21-12-2009
Posts: 2592

AUD/USD: CitiFX says shorting this pair is "best trade of the week"

AUD/USD: CitiFX says shorting this pair is the "best trade of the week"

In an analysis published last night, the CitiFX bank presents its "trade of the week": Selling AUD /USD.

"We expect the RBA governor to explicitly leave the door open for further monetary easing in his speech. As the market currently continues to take into account a limited risk of further easing, there is room for a decline.

Moreover, employment figure expectations are high in Australia after the disappointing figures of the previous month. If the numbers do not improve as expected, this will be a shock to the AUD".

"Anything worth having is worth going for - all the way." - J.R. Ewing



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