Euro
European sentiment has moderated, pointing to near-term downside risk for a technically-stretched Euro. The August Eurozone ZEW Expectations index fell to 25.1 from 36.1, with Germany’s reading missing estimates, dropping sharply to 34.7 from 52.7. The German…
Sweden’s July inflation print came in cooler than expected, but core remains too high for an imminent Riksbank cut. CPI rose 0.8% y/y, while CPIF climbed to 3.0% and core CPIF decelerated to 3.1%, still above the Riksbank’s 2.8% July forecast and outside…
Our DM ex. US strategists see the yen entering a multi-year rally and recommend shorting EUR/JPY now while preparing to short USD/JPY as Fed cuts approach. The yen remains deeply undervalued across PPP, unit labor cost, and real trade-weighted metrics, near…
The yen’s discount, surplus, and rising real rates line up for a multi-quarter surge. Find out why EUR/JPY is the first short and when USD/JPY follows.
EUR/USD has broken below key support, and near-term risks justify a tactical bearish stance while longer-term investors should buy dips. The pair fell through its 50-day moving average, which, along with the 20-day, had provided steady support since…
The US-EU trade deal lifts uncertainty but imposes high tariffs, weighing on the EUR and supporting our long USD positioning. The agreement includes a 15% tariff on all EU exports to the US, including cars and potentially, pharmaceutical products,…
Our strategists recommend shorting EUR/JPY, citing stretched valuations and rising reversal risks. The cross has surged more than 6% since late May, triggering new short positions from the Counterpoint, European Investment Strategy, and Global Investment…
Consensus sees one final ECB cut; we argue two are coming as deflationary forces are building in Europe. Dive in for the trade map: falling Bund yields, tighter peripheral spreads, and a euro primed for a 2026 rebound.
EUR/JPY has reached stretched levels, prompting new short trade recommendations across BCA Strategies. The calls are underpinned by compelling valuation, macro, and technical signals.
Rising US macro uncertainty and external imbalances are reinforcing euro strength and are supportive of a long-term bullish view on EUR/USD. Our Chart Of The Week comes from Mathieu Savary, Chief Strategist for Developed Markets ex US.Trump’s policy agenda is…