SaxoTV

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

234 views
October 23, 2014 3c analysis, aud, audusd, cad, canadian dollar, content, currency, dollar, ecb, economics, economy, euro, europe, european central bank, eurozone, eurozone pmi, eurusd, exchange, finance, foreign exchange, forex, france, fx, germany, global, gold, gold price, growth, how to trade, juckes, kit, kit juckes, long, long usd, market, market reaction, markets, news, nzd, pmi, pmi data, positioning, safe haven, saxo tv, sentiment, setiment, soc gen, societe generale, steve lucas, strategies, trades, trading, trading strategy, tradingfloor, tradingfloor.com, unemployment, usd, usdeur, usdnzd, video, video content, volatility, volume, volumes, world
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.