7 Feb 2014
Flash: The day of reckoning for EUR/USD is coming - Societe Generale
FXStreet (Bali) - According to Kit Juckes, Global Head of Currency Strategy at Societe Generale, EUR/USD is still a sell on rallies.
Key Quotes
"The euro bounced after the ECB disappointed with its lack of policy action. But the positive economic surprises and the inflows into peripheral Euro Area bonds which have supported the euro since the summer of 2012 are mostly behind us."
"It may still be marginally early for selling EUR/USD, but the tide is turning. Bears can get the suntan out, pack the swimming trunks and get ready for their day in the sun. It's coming. In the meantime, the safer trade is still to stay short GBP/USD."
Key Quotes
"The euro bounced after the ECB disappointed with its lack of policy action. But the positive economic surprises and the inflows into peripheral Euro Area bonds which have supported the euro since the summer of 2012 are mostly behind us."
"It may still be marginally early for selling EUR/USD, but the tide is turning. Bears can get the suntan out, pack the swimming trunks and get ready for their day in the sun. It's coming. In the meantime, the safer trade is still to stay short GBP/USD."