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  • Buy AUD/USD Targeting 1.11; Buy USD/JPY Targeting 90 - Citi

    From efxnews.com

    Read Full Story at efxnews.com

    One of the best long-term bets for FX investors in 2013 is to buy AUD/USD targeting 1.11 as the AUD will stay supported throughout the year on external factors, said Todd Elmer, currency strategist at Citi in an interview with CNBC. "The factors which are important to the Aussie are not the domestic developments. It doesn't really matter that the economy is performing slightly weaker than what the case was before. What matters is external factors; what matters is that the Fed is doing $1.0 trn of quantitative easing and that China is stabilizing. So, the risk is to the upside," he ... (full story)

    • Guest

      IP XX.XXX.144.99
    • Buy a rocket, targeting the moon

    • DragonFire
      DragonFire's Avatar

        1,946 posts
    • what is this? why not just buy AUD/JPY?

    • arenoosh
      arenoosh's Avatar

      48 posts
    • Quoting DragonFire
      what is this? why not just buy AUD/JPY?
      why do u want to make it so easy?)

    • aman4forex

      615 posts
    • Thats great dragon it might be targeting 102.00 levels if both went up together


      Think twice because is risk aversion currency and currently risk clouds are everywhere

      Regards

    • silvia77

      240 posts
    • sounds very easy if we know everything

    • eqshack
      eqshack's Avatar

        1,003 posts
    • lol
      Quoting arenoosh
      why do u want to make it so easy?)

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