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20 May 2015
Positioning for FX into data releases ahead – SG
FXStreet (Barcelona) - Kit Juckes of Societe Generale, prefers remaining short GBP/USD into the BoE Minutes release.
Key Quotes
“The UK releases MPC Minutes this morning. We remain bearish and short of GBP/USD.”
“Swedish unemployment and Norwegian GDP are also due (we like longs in NOK, SEK and PLN vs EUR, GBP and CHF).”
“Australia saw a jump in consumer confidence but AUD is slipping again and if you think there's a chance of a hawkish FOMC minutes, is worth a short.”
Key Quotes
“The UK releases MPC Minutes this morning. We remain bearish and short of GBP/USD.”
“Swedish unemployment and Norwegian GDP are also due (we like longs in NOK, SEK and PLN vs EUR, GBP and CHF).”
“Australia saw a jump in consumer confidence but AUD is slipping again and if you think there's a chance of a hawkish FOMC minutes, is worth a short.”