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Showing posts with label Market News. Show all posts
Showing posts with label Market News. Show all posts
Friday, September 4, 2009

Citigroup recommends to sell the Australian dollar against the yen

Posted by FOREX NEWS

Analysts say Citigroup, Australian dollar could fall below 70.00 for the first time since April on rising volatility. Volatility on three-month option on the dollar / yen is poised for growth, reaching almost ideal level of correction of 76.4%. The Bank recommends selling the Australian dollar against the yen, as the movement below the 70.00 more than likely. The position should be canceled if the couple would be strengthened to 78.85.

Euro / dollar reached new level at 1.4348 after the publication of the decision at the rate of the European Central Bank, however, then rolled back to 1.4339. Of September, the German state. bonds little changed, falling only 28 ticks to 122.62 per session. The focus now Trichet's press conference, which will begin at 16.30 Moscow time.