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Monthly archive November, 2017

EUR: No Room Left For Further Position-Squaring Downside Risk; Buy Dips – Credit Agricole

Credit Agricole CIB FX Strategy Research discusses EUR outlook in terms of positioning, noticing that speculative EUR positioning is back in balanced territory.

"This in itself suggests that there is no room left for further position squaring related downside Read More →

EUR/USD: October’s Right Shoulder Breakdown Targets 1.1320; Staying Short – BofAML

Bank of America Merrill Lynch FX Strategy Research maintains its bearish EUR/USD outlook, noticing that the October range/right shoulder breakdown suggests EUR/USD should decline towards 1.1320.

"The range breakdown also broke the neckline of a larger head and shoulders Read More →

USD: ‘Premature’ To Fade Recovery Now: When To Sell Again? – BNPP

BNP Paribas FX Strategy Research discusses its USD outlook, arguing that positioning suggests that it's probably 'premature' to fade USD recovery around current levels, recommending waiting until USD long position becomes stretched on the prospects of passing US Tax reforms. Read More →