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Time to be short EUR/USD? - SocGen

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 29, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Kit Juckes, Research Analyst at Societe Generale, suggests that the smallest EUR short since 2014 however, comes as the inflation divergence acts as a reminder of the US/European economic divide.

    Key Quotes

    “Something that hasn’t been talked about so much recently but, along with the drag on the Euro from ‘Brexit’ fears, can drag EUR/USD down further if Treasury yields find a modicum of stability. Le Monde has an article about the collapse of French agriculture today (not new or limited to France, but depressing) while all the papers are worried about the migration crisis. Wolfgang Munchau, in the FT, is inevitably the most worried but it won’t take much to accelerate a test of EUR/USD 1.08.”
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