- Analytics
- News and Tools
- Market News
- EUR/USD: A correction is a risk – SocGen
EUR/USD: A correction is a risk – SocGen
EUR/USD has stabilised above the 1.09 mark. Kit Juckes, Chief Global FX Strategist at Société Générale, analyzes the pair’s outlook.
CFTC data suggests the speculative market is long Euros
EUR/USD has risen fast enough in recent days for RSIs to be overbought and the same is true of the Euro Stoxx index.
A correction is a risk and at the very least, a period of EUR/USD consolidation is likely, while economic data aren’t that good, and the CFTC data suggests the speculative market is long Euros.
Short-term, I’d rather own GBP than EUR, on positioning, and even on talk of ill-advised tax cuts which could nevertheless delay rate cuts.
© 2000-2025. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
