25 Mar 2015
EUR/GBP topside attractive - DB
FXStreet (Barcelona) - Oliver Harvey, Macro Strategist at Deutsche Bank, gives the outlook for EUR/GBP, EUR/USD and EUR/SEK based on their favourability to trade.
Key Quotes
“EUR/GBP is the top technical currency pair. Relatively speaking, it is also the top trending currency pair (to the topside) and breaking new ground although on an absolute basis its VHF is only at 61%. It is moderately volatile and is one of the least stretched from RR perspective.”
“EUR/USD is no longer trending and looks extremely volatile based on realized vol. measures, suggesting that profit should be taken on shorts.”
“EUR/SEK (to the topside) looks more attractive, with its low stretchiness, moderately smooth price action and relatively high trendiness.”
Key Quotes
“EUR/GBP is the top technical currency pair. Relatively speaking, it is also the top trending currency pair (to the topside) and breaking new ground although on an absolute basis its VHF is only at 61%. It is moderately volatile and is one of the least stretched from RR perspective.”
“EUR/USD is no longer trending and looks extremely volatile based on realized vol. measures, suggesting that profit should be taken on shorts.”
“EUR/SEK (to the topside) looks more attractive, with its low stretchiness, moderately smooth price action and relatively high trendiness.”