Greg Gibbs does a great EUR deep dive in his latest report from #ampgfxcapital

As you know EUR CPI and PMI’s had not been matching up to the EONIA curve pricing in June 2019 for the first hike. This is now rapidly fading – along with spot. It’s my firm belief (along with a few others) that Draghi will not fire the rate path gun until the end of his tenure Dec 2019. The curve is slowly supporting this.

Citi’s surprise index spread is a beaut. Say’s it all really.  One thing Greg mentioned is when forecasts get revised lower  -128 should recover. That in itself doesn’t mean EURUSD will recover. It just means it lowers our expectations – and lessens the “surprise”

I’ve been a big fan of Greg for a while and i fully recommend his reports. 

Patrick Reid

Patrick Reid

Swapped the TV screens for the trading screens.
Philosophy: "Define your risk, only then can you ignore it"

Read how Patrick got into trading here
Patrick Reid

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