IIFT Daily Note with Peter Brown

The Euro

Posted by:  |  Time: 8:26 am  |  Topic:
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We are back to the big Euro story again. Still seems the politicians can’t sort this one out, so it will be a slow burn to a full blown crises.

The last time in November we went from 1.42 to 1.30 by January. When the euro falls it always bounces on the way. So you can sell with a big stop and switch off the screens or sell and bank after every move. This morning looks like we will try to recover first.

Also watch the AUD it is well bid on the commodity story. Rebuilding of Japan etc, Eur/Aud short could be better.

On Japan , I still think this story is worse then they are letting on so be carefull there.

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