ECB BOARD MEMBER STARK: NO BAILOUT FOR GREECE!

6 01 2010

This is significant news for the Euro and we can expect under normal circumstances to see movement in the Euro down.
Hence the USD will tend to rise, and therefore we recommend :

SELL EUR/USD Currency Pairs
GO LONG USD,
GO SHORT USD COUNTERPARTS (AUD/USD, NZD/USD, CAD/USD)
GO SHORT COMMODITIES (Gold, Oil)

Notes:

1. Forex trading involves substantial risk of loss and is not suitable for all investors.

2. These recommendations are based on trends and analysis at the time of posting. For more information and charts, please see our analysis at: http://fxmartketanalysis.wordpress.com

Advertisements

Actions

Information

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s




%d bloggers like this: