UPV - Euro Banks Are Still Pricing In A Gloomy Outlook
- The euro has been showing signs of fatigue in the past few weeks as investors rush for safe havens amid rising uncertainty over US elections.
- Euro leading indicators are sending mix signals at the moment, but equities and especially banks are still pricing in a "gloomy" outlook.
- We will need to see further strength in economic indicators in the coming months in order to have a positive momentum in risky assets.
- Euro bulls should trade the single currency against GBP or CHF, but not against the US dollar in the near term.
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Euro Banks Are Still Pricing In A Gloomy Outlook