Economist and Hedge Fund Manager Shayne Heffernan of takes a look at EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, GOLD, SILVER, CRUDE OIL

EUR/USD looking to short on a break forward, positions @ 1.2955 with targets @ 1.301 & 1.3045, the EU has not resolved a single issue in the last 5 years, debt levels are well beyond terminal and we value the currency at 80c USD long term, speculative long EUR positions are inherently dangerous.

GBP/USD we are not yet convinced Britain is on the road to recovery and are still concerned that markets falls will further strengthen the USD we are looking for 1.5985 and that will will call for 1.595 & 1.591.

USD/CHF this oe is a harder trade off as the 2 both see support during weak economic periods, as CHF gets more Euro action we expect to see this trade as low as 82c the ideal short positions are at or around 94c.

USD/JPY we do expect to see some BoJ intervention as the Japanese economy continues to face serious challenges, keep this in mind when trading USD/JPY. We are sellers above 80 and buyers below 78.

AUD/USD again intervention is on the cards, the AUD is going to struggle to hold recent gains as commodity prices suffer, 1.04 is far too high to be going long the AUD, we expect this to settle in around 1.02 and to test parity in the next 6 months.

Gold, long term Gold remains a buy and will see 2500 in 2013, while all currencies continue with the race to the bottom, Gold will trade higher, buy the dips.

SILVER the most undervalued of all the commonly traded commodities Silver should trade over 60 in 2013, buy the dips and take a long term view.

Crude Oil may go as low as 80 as demand slips. Oil is a buy but not just yet, a 2013-4 China recovery will see oil over 150 again.

Shayne Heffernan

Shayne Heffernan oversees the management of funds for institutions and high net worth individuals.

Shayne Heffernan holds a Ph.D. in Economics and brings with him over 25 years of trading experience in Asia and hands on experience in Venture Capital, he has been involved in several start ups that have seen market capitalization over $500m and 1 that reached a peak market cap of $15b. He has managed and overseen start ups in Mining, Shipping, Technology and Financial Services.Read the Terms of Service

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