"1131 GMT [Dow Jones] "There can now be little doubt that Greece will have to turn to the IMF for help," says Beat Sigenthaler at UBS.
And that can only be a good thing in terms of easing Greece's short-term funding problems, whatever the deeper, longer-term issues that
remain, he says. "We would recommend investors go tactically long EUR/USD as soon as the first rumours about an IMF programme being
announced are emerging." EUR/USD trades at 1.3314."
Please post if you hear anything.
Short: AUDUSD/Cable
And that can only be a good thing in terms of easing Greece's short-term funding problems, whatever the deeper, longer-term issues that
remain, he says. "We would recommend investors go tactically long EUR/USD as soon as the first rumours about an IMF programme being
announced are emerging." EUR/USD trades at 1.3314."
Please post if you hear anything.
Short: AUDUSD/Cable
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)