Reuters are quoting a bank strategist, who to avoid embarrassment should remain nameless. He’s probably quite well paid for insightful gems like this; ‘there’s a bit of risk that the markets (I think he’s referring to EUR/USD here) squeeze a bit higher but over the next week or so there’s a chance we see some gains reverse’.
All those starting out on the FX career path can now add ‘strategist’ to the list of jobs they can apply for. If you can master the ‘might go up might go down message’, then you are probably in with a shout.
