Many thanks to Uhaha for the excellent intelligence earlier and it looks like this story might have some credence. Rumours in the market for the last few days suggested that a big M&A (Mergers and Acquisition) deal was going through and it looks like AXA/AMP may be the one.
7 Responses to “AXA set to complete deal including Australia’s AMP”
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AUTOREFRESH 
In H1, AUDUSD seems set up camp to launch attack for 1.02 and above, i think it will be sooner than we think perhaps today that it will break the barrier.
Hi Sean
Where do you see the AUD travelling from here, will this still have an impact?
Hi Gazza, Bakhsi. Risk-reward would seem to favour selling rallies towards 10200 with s/l above 10270. Not sure if buying is finished with yet, the info re this partic deal has been quite sketchy
note that the deal is supposed to be revealed the FIRST of APRIL….
I have to muster the courage to go short on A/U at least this time @10200.
Siva, instead of shorting AU with its nasty negative carry, shorting EU or GU will do the same thing. AU weakness means $ strength and $ strength can be expressed by shorting any of its pairs – EU, GU, AU. (Not Yen !!) I prefer to play EU on the short side and AU on the long side depending on the situation.
Thanks Pandu, I may not play it against the ‘teflon’ as Sean puts it; but with a tight stop probably; not sure for now… I am long EUR against Franc and have some short Yen positions as well, which isn’t doing well for now, and therefore need to manage actively and keep margins healthy. But I am patient.