More from Société Générale’s Kit Juckes, again from his ‘FX Daily’ note for July 8:
- Says that it is all coming together for Euro bears, if they are patient
- The EUR/USD move to 1.37 at the end of June and then the failure to break any higher keeps the downtrend since early May intact
- Juckes says we may be in a 1.25-1.37 range for July/August
- But could get a move down from September if the US sees a pick-up in both wage growth and in inflation after the holidays
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1.25 – 1.37 for the next 7 or so weeks. That would be nice. And then a move down from there in September. Gotta say, I’d be happy with a 12 big figure fall in the next 7 weeks. Can’t see it, myself. But I didn’t think Germany would be 5 – 0 up against Brazil either. And Juckes is well worth reading.
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Added … Whoops, I can’t keep up
Germany 6 – 0 up. now
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I feel like ESPN … 7-0
