“The largest tailwind for the commodity bull market is set to continue according to FX analyst Kit Juckes at Societe Generale. Juckes believes the Euro is headed back to 1.55 EUR/USD:
If you enjoy the content at iBankCoin, please follow us on Twitter“When the dam breaks you get washed out. Taking out position concentrations is a favourite sport in a range trading environment and the world is certainly heavily USD short. As the Fed stays on hold more than is currently expected, EURUSD is likely to once again overshoot and head for 1.55, the top of our now higher EURUSD forecasts….”
