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Global Economy: A watched kettle never boils - SocGen

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Mar 7, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Kit Juckes, Research Analyst at Societe Generale, suggests that the economic weakness seems to be spreading from manufacturing to the services sector and the broader economy across Europe and Asia.

    Key Quotes

    “That’s worrying. The US though, on the eve of the monthly jobs data, continues to out-perform and maybe that will act as a trigger for an old-fashioned dollar rally against euro, yen and sterling. As for concerns about Chinese currency policy, debt levels in emerging markets, whether the ECB can deliver further easing without disappointing markets (or hurting the banks), or how voter sentiment towards ‘Brexit’ or indeed Donald Trump will evolve, all those are on the backburner. As our grandmothers used to say, ‘a watched kettle never boils’.

    Recommendations:

    Go long USD/JPY at 113.50, targetting 118 with a stop at 110.50.”
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