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Trade idea: Sell AUDJPY on oil shocker
Steve Lucas from 3c Analysis is looking to sell aussie dollar at market and at 94.29, after seeing some Aussie weakening and Yen strengthening.
In addition, Australia’s S&P/ASX 200 Index sank 0.8 percent to the lowest level since 17 October after WorleyParsons, the nation’s biggest oil and gas engineer, posted a record tumble after reducing its profit forecast.
More than USD 1 billion of WorleyParsons's market value was erased after its second earnings downgrade this year.
Steve's targets for this trade are 93.32, yesterday’s low and 93.13, Friday’s base.
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00:52 minutes
Tags: 3c analysis, aud, aussie, aussie dollar, aussie weakness, australia, australia oil and gas company, australia s&p, australian company, australian economy, commodity, dollar, equity, euities, investing, investment, japanese yen, jpy, oil and gas, oil and gas engineer, profit, saxo bank, saxo tv, steve lucas, stock market, stocks, tradingfloor.com, worleyparsons, yen, yen strength