日本語
Español
中文
Русский 
- New York 00:58
- London 05:58
- Barcelona 06:58
- Tokyo 14:58
- Sydney 16:58
Update on FX trading recommendations
10
0
Buy EUR/HUF and buy USD/ZAR
Tue, Oct 27 2009, 11:14 GMT
by Lars Rasmussen
We recommend buying EUR/HUF spot at 268.75 for a target of 282, with a stop loss at 258. Furthermore we recommend buying USD/ZAR spot at 7.58 for a target of 8.00, with a stop loss at 7.20. We suggest a time horizon of one to three months.
Strong negative signals from our EMEA FX Scorecard
It is time for a correction in the EMEA FX markets – at least if one believes the signals from our EMEA FX Scorecard.
Over the last 24 hours our Scorecard has turned negative for most of the EMEA currencies and the total score is now negative for the first time since March-April.
This is an indication that we are in for a correction in the EMEA FX markets and we therefore recommend removing some risk from the books and reducing exposure to the EMEA FX markets.
Most at risk according to the Scorecard are the Hungarian forint and the South African rand. Read more here: Flash Comment - EMEA markets: Correction time
Published on Tue, Oct 27 2009, 11:20 GMT
Archive
- Lift stops on EUR/HUF and USD/ZAR
Published On Thu, Oct 29 2009, 12:29 GMT - Buy EUR/HUF and buy USD/ZAR
Published On Tue, Oct 27 2009, 11:14 GMT - We recommend hedging RUB exposure
Published On Thu, Jun 4 2009, 09:32 GMT - Buy EUR/HUF
Published On Thu, May 14 2009, 06:43 GMT - Stop taken in short EUR/CHF - raise stop in long GBP/CAD
Published On Fri, Nov 21 2008, 10:02 GMT
Danske Bank
| Holmens Kanal 2-12, DK-1092 Copenhagen
http://www.danskebank.com/ | danskeresearch@danskebank.com
Legal disclaimer and risk disclosure
This publication has been prepared by Danske Bank for information purposes only. It is not an offer or solicitation of any offer to purchase or sell any financial instrument. Whilst reasonable care has been taken to ensure that its contents are not untrue or misleading, no representation is made as to its accuracy or completeness and no liability is accepted for any loss arising from reliance on it. Danske Bank, its affiliates or staff, may perform services for, solicit business from, hold long or short positions in, or otherwise be interested in the investments (including derivatives), of any issuer mentioned herein. Danske Bank's research analysts are not permitted to invest in securities under coverage in their research sector. This publication is not intended for private customers in the UK or any person in the US. Danske Bank A/S is regulated by the FSA for the conduct of designated investment business in the UK and is a member of the London Stock Exchange. Copyright () Danske Bank A/S. All rights reserved. This publication is protected by copyright and may not be reproduced in whole or in part without permission.Related reports
Emerging Markets Briefer - Asian recovery as strong as ever by Danske Bank A/S
Fri, Nov 13 2009, 09:24 GMT
EMEA Daily - We expect Hungarian GDP to have dropped 6.5% y/y in Q3 by Danske Bank A/S
Fri, Nov 13 2009, 06:36 GMT
Economics Weekly - Asian economies lead economic recovery by Lloyds TSB Financial Markets
Mon, Nov 2 2009, 12:00 GMT
Forex Market Alerts - Poland, Hungary FX Flows - Looking for direction but slightly nervous by FXMarketAlerts
Mon, Nov 2 2009, 08:44 GMT
New Europe Weekly - On a knife-edge for the EMEA markets by Danske Bank A/S
Fri, Oct 30 2009, 14:12 GMT
Related content
OECD: Room For Hungarian Interest Rate Cuts Constrained
Dow Jones | Thu, Nov 19 2009, 10:00 GMT
UPDATE: Hungary GDP Falls Faster Than Expected In 3Q
Dow Jones | Fri, Nov 13 2009, 08:55 GMT
DATA SNAP: Hungary Jul-Sep Jobless Rate Higher Than Expected
Dow Jones | Thu, Oct 29 2009, 08:00 GMT
Hungary MOF Defends 2011, 2012 Budget Gap Targets
Dow Jones | Tue, Oct 27 2009, 09:50 GMT
Hungary Seen At Risk Of Missing 2011, 2012 Budget Gap Goals
Dow Jones | Mon, Oct 26 2009, 15:05 GMT
Interested in forex trading? forex brokerage firms!
GET CASH BACK FOR YOUR TRADES! Learn more about the Pip Rebate Program
Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.
Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. FXstreet.com has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: errors and Omissions may occur.
Any opinions, news, research, analyses, prices or other information contained on this website, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
©2009 "FXstreet.com. The Forex Market" All Rights Reserved.