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Citi sells GBP/AUD

By   || September 2, 2010 at 14:41 GMT
|| 3 comments || Add comment

They sold at 1.6880 looking for a move below 1.63…Stoploss 1.7050.

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3 Responses to “Citi sells GBP/AUD”

  1. Michael Miller on September 2nd, 2010 14:59 GMT

    Good trade!

  2. JJake on September 2nd, 2010 16:16 GMT

    That Citi sell GBPAUD is strange. GBPAUD and AUDUSD make up CABLE. Assuming AUDUSD stays constant or rises a bit more, then CABLE comes down. Cable makes up about half of Fiber. Assuming EURGBP stays constant or rises slightly, then FIBER GOES DOWN. Lots of assumptions but Citi is saying that the some risk currrencies are risky or Citi is wrong again. Food for thought.

  3. Jamie Coleman on September 2nd, 2010 16:30 GMT

    My brain hurts after that jake…

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