Forex Flash: Today's strategy for EUR/USD – Commerzbank, Danske Bank and UBS
Tue, May 29 2012, 16:01 CET | FXstreet.com
FXstreet.com (Barcelona) - The three banks have released their trade recommendations for the day. The Copenhagen based bank, Danske Bank, says in its daily technical report to go “short at 1.2560 for a 1.2300 objective. Stop 1.2692", while Commerzbank suggests to “reinstate shorts on rallies to 1.2625, 1.2800, and place a stop 1.2830.”. UBS' Chris Walker, believes the cross will be at 1.25 in the next 3 months and at 1.15 in the next twelve months.
Germany’s CPI came out worse than expected with YoY and MoM growth at 1.9% and -0.2% (instead of 2.0% and -0.1%), respectively. On the other side of the Atlantic, the Case/Shiller housing price index came in line with expectations, losing 2.6% in March with respect to the previous year.
Tue, May 29 2012, 16:01 CET | FXstreet.com
FXstreet.com (Barcelona) - The three banks have released their trade recommendations for the day. The Copenhagen based bank, Danske Bank, says in its daily technical report to go “short at 1.2560 for a 1.2300 objective. Stop 1.2692", while Commerzbank suggests to “reinstate shorts on rallies to 1.2625, 1.2800, and place a stop 1.2830.”. UBS' Chris Walker, believes the cross will be at 1.25 in the next 3 months and at 1.15 in the next twelve months.
Germany’s CPI came out worse than expected with YoY and MoM growth at 1.9% and -0.2% (instead of 2.0% and -0.1%), respectively. On the other side of the Atlantic, the Case/Shiller housing price index came in line with expectations, losing 2.6% in March with respect to the previous year.
. We still have some lines to break to confirmation...
