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9 Jun 2014
Markets remain short in EUR - Societe Generale
FXStreet (Barcelona) - Kit Juckes, Global Head of Currency Strategy at Societe Generale, remarked that EUR short positions advanced last week.
Key Quotes
"My baby model reckons EUR/USD should be at 1.3640 this morning, which isn't helping the cause for excitement. There is no data anywhere today, with US retail sales Thursday UK unemployment Wednesday the main news to come, and the start of the World Cup on Thursday the main focus for the market."
"We like being short EUR vs. NOK, GBP, PLN and TRY. We like longs in NOK/SEK and AUD/NZD here. We wish the yen would weaken. CFTC positing data meanwhile, show a market which got longer USD and short EUR into the ECB, continues to run a big long in GBP and NZD and is slowly building a long in AUD."
Key Quotes
"My baby model reckons EUR/USD should be at 1.3640 this morning, which isn't helping the cause for excitement. There is no data anywhere today, with US retail sales Thursday UK unemployment Wednesday the main news to come, and the start of the World Cup on Thursday the main focus for the market."
"We like being short EUR vs. NOK, GBP, PLN and TRY. We like longs in NOK/SEK and AUD/NZD here. We wish the yen would weaken. CFTC positing data meanwhile, show a market which got longer USD and short EUR into the ECB, continues to run a big long in GBP and NZD and is slowly building a long in AUD."