All signals are uniformly negative EUR - Westpac

By FXstreet.com | Updated August 26, 2014 AAA

FXStreet (Bali) - Short EUR remains favoured, in view of Richard Franulovich, FX Strategist at Westpac.



Key Quotes



"Our G10 model has been consistently short EUR all year and approaches September with a decent 17% short position. With the exception of a bullish current account momentum signal - reflecting the region's healthy external balance - all of our signals are uniformly negative EUR including: growth, total yield, long term valuation (both PPP and terms of trade), short term TWI fair value and logic probability."



You May Also Like

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Forex News

    EUR/USD weighed by Greek woes – FXStreet

  2. Forex News

    EUR/USD likely to attack 1.08

  3. Forex News

    EUR/USD off lows near 1.0870

  4. Forex News

    EUR/USD might end the week between 1.0520-1.0660 – Vladimir Mihaylov

  5. Forex News

    Specs increased overall net long USD positioning - ANZ

Trading Center