| Videos | Channels | Search |
Lucas: Why 2014 is not looking good for the Aussie
Steve Lucas from 3c Analysis is firm in his belief that the Aussie Dollar will continue to falter in 2014. Lucas is already short on the aussie and is anticipating that this will be the proper position to maintain. The currency stalled at a 62% correction this year and broke yearly market lows. For 2014 Lucas is targeting .8066 which is the 2010 low.
In the equity market Lucas is expecting to see a large correction coming in March. He believes that the bullish sentiment currently present in the market will continue early on in the year, but will decline once tapering takes effect. Equities are still a buy in the long-term according to Lucas as he seems they rallying by the end of 2014.
Disclaimer
Saxo Bank Group provides an execution-only service. All information provided on Tradingfloor.com is solely for general information. Tradingfloor.com does not contain (and should not be construed as containing) financial, investment, tax or trading advice or advice of any sort offered, recommended or endorsed by Saxo Bank Group and should not be construed as a record of our trading prices, or as an offer, incentive or solicitation for the subscription, sale or purchase in any financial instrument. Saxo Bank Group will not be liable for any losses that you may sustain as a result of any investment decision made in reliance on information which is available as part of the Tradingfloor.com or as a result of the use of the Tradingfloor.com.
Please read our notification on
Non-independent investment research disclaimer
01:39 minutes
Tags: 2014 currency market, 2014 equity market, 2014 forex, 2014 investing, 2014 market outlook, 2014 outlook, 2014 outlook equities, 2014 trading, aud, aud 2014, audusd, audusd 2014, audusd weakness, aussie, aussie dollar, equities, equity, equity market, equity trading, fed, forex, forex 2014 outlook, forex audusd, forex audusd 2014, forex markets, forex trading, saxo bank, saxo bank saxo tv, saxo tv, saxo tv holidays, tapering, trading currencies, tradingfloor, tradingfloor.com, tradingfloor.com insights