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CHART OF THE DAY: Our Highest Conviction Investment Signal? Stay Short the EUR/USD - EUROZONE

Editor's note: This is an excerpt from today's Morning Newsletter. Click link to learn more about the product and how to subscribe..

  • Our highest conviction investment signal is to stay short the EUR/USD
  • Our Eurozone GIP (Growth/Inflation/Policy) predictive model shows a steady move from QUAD 1 to QUAD 4 to QUAD 3 over the next three quarters. This negative economic view should force the ECB to keep its foot on the QE funnel for longer than its original target [SEPT 2016] as growth surprises on the downside (see our Chart of the Day below), all of which should pressure the EUR/USD lower.