EUR/USD Still A Sell -Kit Juckes at SG
Dow Jones via eFXnews
JEUR/USD still a sell, saysa Kit Juckes at Societe Generale .
Juckes recommends a stop at 1.3230.
USD's slide against the higher yielders is also "likely to stall for a while."
His rationale: "A reflationary Fed, press reports of a Greek PSI deal by Monday, and a Chinese non-manufacturing PMI that is down to 52.9 but above 50, are a risk-friendly mix at the margin, but not 'good enough' to offset the need for correction or pause in the rally."
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