Any Gold Dips Ahead Of Jackson Hole A Buying Opportunity - UBS "Strong US data has weighed on gold, putting pressure on recent longs. CFTC data as of August 2 showed that net longs increased by 2moz bringing net length to 35.64moz or 96% of the record. Interestingly, part of the gains was offset by shorts adding to positions for the first time in a month. Higher-than-expected US nonfarm payrolls last Friday likely attracted some additional ...
Credit Suisse, Barclays, UBS, SocGen: Where To Sell EUR/USD Credit Suisse: "EURUSD has been capped below the 50% retracement of the recent fall and the 55-day average at 1.1117/32, and reversed lower. Beneath 1.0925 can open up a retest of the more important price lows at 1.0819/09. Near-term resistance moves to 1.1022. Above 1.1080/85 is needed to retest 1.1117/32."Barclays: "The move below nearby support in the 1.0925 area encourages ...
The following are UBS' latest short-term (mostly intraday) trading strategies for EUR/USD, AUD/USD, and USD/CAD. EUR/USD: has already had big moves following USDJPY. This price action is likely to continue. It feels like the market still likes to be short and while this could be justified with Greece in mind, it is definitely not a one-way street anymore. Stay flexible and try to catch some of the wild intraday moves. ...
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