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Dec 19 - 10:55 AM

USD: January Looks Tricky For USD Bears And Risk Assets Bulls - SocGen

By eFXdata  —  Dec 19 - 10:30 AM

Societe Genearle Research discusses the markets outlook into year-end and Q1.

"As for this week’s FX market, we march to the tune of equity indices, or so it seems. Last week, SPX saw a higher high, a lower low and lower close than the previous week, which doesn’t look elegant to chart-watchers, and means that the inflation hawks, and those pointing to the gap between fed dots and market pricing, are emboldened," SocGen notes. 

"So watching the way US futures have bounced, wondering whether Christmas will help us quietly reverse last week’s move and line the euro up for another test of the recent high as the dollar fades. But, that though aside, January looks tricky for dollar bears and risk-asset bulls," SocGen adds. 

Source:
Société Générale Research/Market Commentary

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