CS FS Weekly Technical Strategy – 30th Oct13

The usual excellent CS weekly fx strategy report with a big focus on a bounce back for the US$ vs the euro.

They present the weak euro fundamental data we already know about. Technical support for the DX here.

They are bullish the US$, see an over valuation for the Euro and expect a significant positive trend move for the US$.

I’m not entirely convinced but we could certainly see some chop here as we have no clear data to support us here with a trend move.

They dont pick up on the GBP issues but they do the CAD.

Here the report

CS-FX-wkly-30-10-13