Forex: EUR/USD keeps 1.3300 after French data
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EUR/USD
FXstreet.com (Barcelona) - The bloc currency is holding on to the key mark at 1.3300 on Wednesday, after the French Business Climate disappointed investors, falling to 86 in January vs. 90 expected and 89 prior. Market participants are now focusing on the speech by UK PM David Cameron, and the likeliness of an "in-out referendum" regarding the euro zone.
"With recent public opinion polls closely divided over the UK's ongoing membership, it is a high risk strategy which could lead to the UK's exit. It creates an additional source of uncertainty, which is unlikely to be helpful for economic growth", remarks Currency Strategist Lee Hardman at BTMU.
The cross is now losing 0.16% at 1.3300 and a dip below 1.3267 (low Jan.22) would bring 1.3248 (low Jan.11) and finally the psychological level at 1.3200
On the other hand, a surpass of 1.3372 (high Jan.22) would aim for 1.3398 (high Jan.18) and 1.3404 (high 2013, Jan.14).
"With recent public opinion polls closely divided over the UK's ongoing membership, it is a high risk strategy which could lead to the UK's exit. It creates an additional source of uncertainty, which is unlikely to be helpful for economic growth", remarks Currency Strategist Lee Hardman at BTMU.
The cross is now losing 0.16% at 1.3300 and a dip below 1.3267 (low Jan.22) would bring 1.3248 (low Jan.11) and finally the psychological level at 1.3200
On the other hand, a surpass of 1.3372 (high Jan.22) would aim for 1.3398 (high Jan.18) and 1.3404 (high 2013, Jan.14).
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