-
3 Reasons To Take Some Profit On EUR/USD Shorts - Deutsche Bank
With less than six weeks left until Christmas, Deutsche Bank 1.25 year-end target for EUR/USD has already been met. What next? "Near-term, we are maintaining our 1.25 forecast as is, and would take profit on EUR/USD shorts," DB advises. DB outlines 3 reasons behind this view: First, the currency has run ahead of its real rate differential, which we consider to be the best metric for judging relative central bank divergence. Second, the near-term portfolio flow picture appears to have stabilized. Our high-frequency equity monitor was pointing to very large outflows up to October. Finally, positioning looks stretched. ... (full story)
- Comments
- Comment
- Subscribe
- Comment #1
- Quote
- Edited 9:07pm Nov 20, 2014 8:32pm | Edited 9:07pm
- traderathome
- Joined Mar 2008 | Status: PVSRA with Traderathome | 1621 Comments
- Comment #2
- Quote
- Nov 20, 2014 9:08pm Nov 20, 2014 9:08pm
- Forextrapain
- | Joined Aug 2014 | Status: Member | 522 Comments
- Comment #3
- Quote
- Nov 20, 2014 11:54pm Nov 20, 2014 11:54pm
- michaelpelly
- Joined Oct 2012 | Status: Member | 1992 Comments
- Comment #4
- Quote
- Nov 21, 2014 12:45am Nov 21, 2014 12:45am
- Forextrapain
- | Joined Aug 2014 | Status: Member | 522 Comments
- Comment #5
- Quote
- Nov 21, 2014 2:43am Nov 21, 2014 2:43am
- michaelpelly
- Joined Oct 2012 | Status: Member | 1992 Comments
- Comment #6
- Quote
- Nov 21, 2014 4:32am Nov 21, 2014 4:32am
- frx_trader
- | Joined Jun 2012 | Status: Analyst | 3129 Comments
- Comment #7
- Quote
- Nov 21, 2014 4:36am Nov 21, 2014 4:36am
- Forextrapain
- | Joined Aug 2014 | Status: Member | 522 Comments
- Comment #8
- Quote
- Edited 5:05am Nov 21, 2014 4:55am | Edited 5:05am
- frx_trader
- | Joined Jun 2012 | Status: Analyst | 3129 Comments