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."



Related Forex Analysis
  1. German and Eurozone CPI under focus – FXStreet
    Forex News

    German and Eurozone CPI under focus – FXStreet

  2. EUR/USD finds support ahead of 1.2400
    Forex News

    EUR/USD finds support ahead of 1.2400

  3. USD needs Draghi’s help to rise – TD Securities
    Forex News

    USD needs Draghi’s help to rise – TD Securities

  4. EUR plummets on inflation expectations – MP
    Forex News

    EUR plummets on inflation expectations – MP

  5. EUR/USD Breaks Channel from November Low, AUD/USD Skewed by PBoC
    Forex News

    EUR/USD Breaks Channel from November Low, AUD/USD Skewed by PBoC

Trading Center