Return of the Euro
מעודכן
Nimbus clouds are appearing on the monetary side across the globe, whilst Europe starts to clear risks in a similar nature to that of 2017. There is an underlying bid for the EUR, appreciation pressure remains in what is becoming a "race to the bottom" for G10 FX. Inflation swap markets are screaming for attention from the ECB ahead of the important CB combo next month.
With a continued unwind of EUR funded carry trades, the EUR is going to receive a near-term support with risk-off weighing on EM. Sharks are smelling a major change in trend, the titanic is finally turning.
Risks to this trade come from Europe & US trade tensions rising (unexpected).
With a continued unwind of EUR funded carry trades, the EUR is going to receive a near-term support with risk-off weighing on EM. Sharks are smelling a major change in trend, the titanic is finally turning.
Risks to this trade come from Europe & US trade tensions rising (unexpected).
הערה
The effects of ECB unconventional policy הערה
The test of 1.10xx looks likely before reversal formation...we covered this in the previous idea 
פרסומים קשורים
כתב ויתור
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