EUR/USD: August seasonality negative in four of last five years – SocGen EURUSD Fed Bonds CPI Banks
August seasonality was negative in four of the last five years. The negative seasonality cannot be overlooked for the direction of EUR/USD in August.
Even after the correction last week, EUR/USD remains tactically expensive vs 2y2y forwards and 10y real rate differentials. The 200-WMA at 1.1184 should cap upside in the near term.Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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