Squared my long position. Large amount has been bought but we are just slightly higher. Better to take a small profit and wait for the next opportunity!
Heard some ACB's have been buying. around 1.0310 level. Equities are down significantly. The only positive thing that market is expecting is the US Q3 GDP number.
I will stay on the side line as I feel the equities market would still drag the Aussie dollar down. Corporate results in US just havent delivered so far. I am slightly bearish risk for now.
Squared my long position. Large amount has been bought but we are just slightly higher. Better to take a small profit and wait for the next opportunity!
ReplyDeletebought at what level? by who? thanks
ReplyDeleteHeard some ACB's have been buying. around 1.0310 level. Equities are down significantly. The only positive thing that market is expecting is the US Q3 GDP number.
ReplyDeleteI will stay on the side line as I feel the equities market would still drag the Aussie dollar down. Corporate results in US just havent delivered so far. I am slightly bearish risk for now.
1400 for S&P is a key level. Watch that and we will probably have a better idea of where the direction of the market will be.
ReplyDelete