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Citibank tactical portfolio: long GBP/USD

By   || March 10, 2010 at 22:42 GMT
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Tactical trades are based more on presumed market positioning than on technicals or fundamentals. Citi probably have the same stop-losses as the other banks (see below) and are taking a punt on a bout of short-covering. They went long overnight at 1.4920 with a s/l below 1.4775 and a profit target at 1.5700. These are the sorts of trades that I like.

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