EUR/USD: Skepticism towards any rebound beyond 1.3330 - OCBC

By FXstreet.com | Updated August 21, 2014 AAA

FXStreet (Bali) - Emmanuel Ng, FX Strategist at OCBC Bank, shares his view on the EUR/USD for Friday, wit all the attention placed on the Jackson Hole Symposium.



Key Quotes



"While the EUR also found some support from better than expected German August PMIs, note that the EZ PMI readings for the same month were mixed to softer than expected."



"In the run-up to Yellen and Draghi later today, market skepticism towards any rebound beyond 1.3330 is expected to mount while 1.3230 may continue to attract."



"As noted previously, any hawkish hints out of the Fed are likely to be juxtaposed against the ECB’s ongoing dovishness and this may continue to weigh on the pair."



You May Also Like

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Forex News

    Barclays: EUR/USD move below 1.1000 to confirm downside traction – eFXnews

  2. Forex News

    EUR/USD: More declines left – EW-Forecast

  3. Forex News

    Trade Setups in EUR-crosses and Expectations for ECB Meeting

  4. Forex News

    EUR/USD decline is far from over – Danske Bank

  5. Forex News

    EUR/USD keeps losses around 1.1045, ECB in focus

Trading Center