Citigroup Cuts Euro View Against Dollar, Pound, Franc
http://www.bloomberg.com/news/2010-1...iss-franc.html
“It’s feeling like we may be in danger of a little bit of a risk squeeze,” Fitzpatrick said. “It’s really across all markets. Every trade at the moment is a quantitative-easing trade, and therefore the danger is if they started to falter, they can all falter together.”
“We are closing out all of our long euro positions,” Fitzpatrick and fellow analysts Shyam Devani and Alex Good said today in an e-mailed note.
Moving averages are converging, suggesting a “sharp move” is coming for the euro against the dollar, Fitzpatrick said in s separate report.
http://www.bloomberg.com/news/2010-1...iss-franc.html
“It’s feeling like we may be in danger of a little bit of a risk squeeze,” Fitzpatrick said. “It’s really across all markets. Every trade at the moment is a quantitative-easing trade, and therefore the danger is if they started to falter, they can all falter together.”
“We are closing out all of our long euro positions,” Fitzpatrick and fellow analysts Shyam Devani and Alex Good said today in an e-mailed note.
Moving averages are converging, suggesting a “sharp move” is coming for the euro against the dollar, Fitzpatrick said in s separate report.