Barclays Trade Of The Week: Buy AUD/USD Into AU Employment - TopicsExpress



          

Barclays Trade Of The Week: Buy AUD/USD Into AU Employment Report Investors following short-term strategies should consider buying AUD/USD this week, advises Barclays Capital in its weekly FX pick to clients. The trade is a tactical play into the AU employment report on Thursday. Dovish talk from the RBA and the strong US employment report weighed on AUD last week. Australia’s employment report (Thursday) is the next key local risk event and our forecast suggests a slight upside risk for the AUD, Barclays projects. Our technical strategists note that the break below nearby support in the 0.9350 area signals further a short-term squeeze to the downside (Figure 1). In their view, ...
Posted on: Mon, 07 Jul 2014 08:30:12 +0000

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