UBS' latest short-term trading strategies for EUR/USD, GBP/USD, and AUD/USD
EUR/USD: We are long but remain aware that this could be a 'buy the rumor - sell the fact' story and will not be stubborn if the sentiment starts to change.
GBP/USD: EURUSD will continue driving sterling in absence of UK data releases this week. Sell Cable rallies to 1.6000 but keep it very light and tight for any Greek update. Stay put on EURGBP and flexible.
AUD/USD: With the market focused on Greece today, risk and euro crosses will drive the pair. There is very little local data due this week. We still prefer short AUDUSD with a tight stop through 0.7860
For bank trade ideas, check out eFX Plus.
