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Hardy: Euro weakness makes stronger case for carry trade opportunity

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Saxo Bank's Head of FX Strategy John Hardy is spotting potential carry trade opportunities, with the euro weakening and the prospect of risk appetite returning. A new theme in the market, especially as many analysts now consider the Fed sidelined with no high expectation of a rate rise, until possibly 2016.

John talks though the key trading levels in EURAUD as an example of a pair that could move with the currents he describes. 

Plus there's assessment of the visit by the Chinese President Xi Jinping to Washington where Yuan devaluation and the prospects for global trade must surely be on the agenda.