Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Nov 16 - 09:55 AM

EUR/USD: Staying Bullish N-Term & M-Term; AUD/NZD: Risk-Reward Attractive For Longs Here - Citi

By eFXdata  —  Nov 16 - 08:33 AM

Citi maintains a bullish bias on EUR/USD over the near- and medium-term, and likes long exposure in AUD/NZD around current levels.

"CitiFX Strategy remains bullish EURUSD in the medium -term, and see some scope for short-term upside, too. This is as the market conversation on EUR has turned more bearish, EURUSD risk reversals have come down somewhat, Europe’s Covid curve is slowly flattening and our QIS indicators are seeing narrowing differences between the US and Eurozone growth," Citi notes. 

"CitiFX Strategy expects AUDNZD trade higher...While we see higher NZDUSD medium -term given our bearish core USD view, we do not expect NZD to be a relative outperformer in G10...Overall this also suggests AUDNZD risk/reward is now attractive for longs especially after bullish technical signals last week," Citi adds. 


Citi Research/Market Commentary


  • eFXplus
  • End-user license agreement (EULA)


  • About
  • Contact Us


  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2020 eFXdata · All Rights Reserved