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27 Aug 2014
All signals are uniformly negative EUR - Westpac
FXStreet (Bali) - Short EUR remains favoured, in view of Richard Franulovich, FX Strategist at Westpac.
Key Quotes
"Our G10 model has been consistently short EUR all year and approaches September with a decent 17% short position. With the exception of a bullish current account momentum signal - reflecting the region's healthy external balance - all of our signals are uniformly negative EUR including: growth, total yield, long term valuation (both PPP and terms of trade), short term TWI fair value and logic probability."
Key Quotes
"Our G10 model has been consistently short EUR all year and approaches September with a decent 17% short position. With the exception of a bullish current account momentum signal - reflecting the region's healthy external balance - all of our signals are uniformly negative EUR including: growth, total yield, long term valuation (both PPP and terms of trade), short term TWI fair value and logic probability."