UBS short term trade plays
UBS like to keep their fingers in many pies and they've some intraday trades to look at
EURUSD is first and they want to keep their core shorts and add on a move back towards 1.3330/40. They have a stop at 1.1385. They were looking to go short around 1.1450 and add at 1.1500 a couple of days ago
AUDUSD - Looks like they've been taken out of a long they we're running looking for 0.8150 and they said to place stops against the short term uptrend at 0.7920/25
USDCAD - They still like a short but are waiting until closer to 1.2300 before jumping in
Looking at the others in EURUSD trades;
- Credit Agricole are short at 1.1385 looking for 1.0800, SL at 1.1680
- Barclays short at 1.1240 for 1.0460, SL 1.1680
- JPM long at 1.1180, SL 1.0975 no target noted. They were playing USDCHF shorts as a proxy for EURUSD longs as they liked the look of the fundamentals but not the risk of Greece. They switched into euro's as the CHF was lagging
You can find out exactly what the banks are up to via our friends at Efx