eurozone

eurozone

Soc Gen's Kit Juckes: Why I'm still long USD

22m ago
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With all the headlines about a stock market "shock drop" and "record dips", as an investor or trader you may ask where you should be positioned at the moment. Better than expected news from the eurozone this Thursday added to a fairly complex global picture. Soc Gen's FX strategist, Kit Juckes, is convinced being long USD is a prudent trading move. He suggests that traders should be positioned for more weakness in AUD, NZD and CAD. Trader Clive Lambert says whilst gold is usually a solid safe haven, this time around it doesn't appear to be behaving as one might expect. Steve Lucas, from 3c Analysis, says there are real concerns about the actual levels of volume on the markets.