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AUDUSD & NZDUSD - STRONG DOWN MOVE IN THREE DAYS...

Wednesday, March 7, 2012 6:51 AM GMT
 
.... AHEAD OF THE 8TH MARCH IT SEEMS THAT MARKET PARTICIPANTS REDUCED THEIR RISK POSITION IN THE FASHION TRADES LIKE GOLD, AUD LONG AND NZD LONG.
ALSO THE SKANDIS AND CAD DEPRECIATED AND EQUITIES SUFFERED SIGNIFICANTLY ASWELL.
WITH THE DEADLINE FOR THE GREECE DEBT SWAP TOMORROW AND THE US-EMPLOYMENT REPORT ON FRIDAY A LOT ARE GOING TO STAY SIDELINE TILL THE OUTCOME IS KNOWN.
 
IN CASE OF A POSITIVE OUTCOME IN GREECE I ASSUME RISK APPETITE WILL BE BACK AND A WEAK US EMPLOYMENT REPORT IS GIVING MR. BERNANKE MORE ARGUMENTS FOR A NEXT ROUND OF QE3 - SUPPORTED BY THE FEARS OF A FURTHER WEAKER GLOBAL GROWTH.
 
IN CASE YOU EXPECT A POSITIVE OUTCOME OF THE GREECE DEBT SWAP THE MOVES OVER THE LAST DAYS SEEMS TO BE AN OPPORTUNITY TO COUNTER.

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