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EUR sentiment has weakened as rising European energy costs revive concerns reminiscent of the 2022 energy crisis. Fears over energy supplies linked to the Iran war have been compounded by global diesel shortages and low European gas storage levels ahead of winter, while the resulting increase in energy costs is adding
Credit Ágricole: FX Weekly
Credit Ágricole: Weekly FX Positions
Credit Ágricole: FX Weekly
Credit Ágricole: FX Weekly
At present, our positioning model G10 FX PIX 3.0 signals that the GBP and AUD are oversold. Subsequently, we have entered long positions in GBP/USD with a target of +4% and a stop-loss of -2% and AUD/USD with a target of +3% and a stop loss of -1.5%. The model is down -1.47% with a hit ratio of 44% over the past twelve