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EUR/USD : Outlook Prior To Asian Session...Ignored
Buy EUR/USD Put Spread; Risks Skewed Down - UBS
0714 GMT [Dow Jones] UBS recommends buying EUR/USD put-spread with 6-month expiry, strike at 1.1000, 1.000 as there's risk pair to fall below house's long-term support of 1.1000 in coming months. "the euro's declines is very likely to continue because euro-member nations will tighten their fiscal belt while the ECB has no choice but to keep its policy easy," UBS says. Adds a lot of private institutions increasing EUR-short positions, which prompting public investment firms to follow suit, further placing downward pressure on EUR. Says recommended trade's cost is 0.9025% with reference spot at 1.2190.
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2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts