Currency - February 15, 2018

publication date: Feb 15, 2018

Cerundolo Investment Research    

Currency Update  

Volume 2, Issue 3
February 15, 2018

Download PDF Version here


Items of Interest:

  • U.S. dollar weakness continues to build. We believe there is potential downside to the 85 area.
  • A weekly close above 1.25 in the Euro will then target 1.316
  • This is a good spot to add to GBP long.
  • USDJPY downside momentum building.
  • The CAD has reversed hard from its channel resistance. A retest of 1.23 is likely from here.
  • USDNOK likely to break below the recent February low with a target of 7.55
  • The 10 year note yield on target for 3.03%
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