The EUR doesn't need much of an excuse to sell off at present, with a softer IFO likely to provide further reason to offload long positions.
现时市场无须太多藉口沽售欧元，偏软的IFO指数似乎会提供更多卖出长仓的理由。Options barriers on the way down could prevent a more rapid sell-off, with 1. 2033 seen as the next support level.
往下的价位有期权的缓冲，可以避免更迅速的沽售，而1.2033是下一个支持价位。The bank downgraded Chalco to "sell" from "neutral" and lowered its target price to $4 from $7. 1.
该银行把中铝的评级由「中性」下调至「沽售」，目标价由7.1元下调至4元。Should the positive sentiment continues, we expect the Jpy to come under significant selling pressure.
如果乐观情绪继续，我们预计日元将受到重大沽售压力。German and US government bonds are being bought as aggressively as Greek, Italian and Spanish debt is being disposed of.
德国与美国政府债券被大规模买进，而希腊、意大利和西班牙债券被沽售。The Usd was stronger in the Asian session, as equity markets came under significant selling pressure in the US and Asia.
在亚洲市场，美元走强，这是由于美国股市和亚洲股市都在遭遇重大沽售压力。Against this background, selling risk assets on rallies remains the preferred option.
因此，趁高沽售风险资产仍然是较佳的投资选择。A key theme was profit taking on attractively priced stocks after the declines of April.
股市在4月份下跌后，市场主要集中于沽售价格吸引的股份以获利。In contrast, the EUR is set to continue to suffer and remains a sell on rallies.
相反，欧元仍会受压，并于汇价上升时遭受沽售。