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."



comments powered by Disqus
Related Forex Analysis
  1. Session Recap: Artificial growth does not feed the USD
    Forex News

    Session Recap: Artificial growth does not feed the USD

  2. EUR/USD holding on above 1.2600
    Forex News

    EUR/USD holding on above 1.2600

  3. EUR/USD extends gains to 1.2640
    Forex News

    EUR/USD extends gains to 1.2640

  4. EUR/USD 1.2700 is Resistance Now
    Forex News

    EUR/USD 1.2700 is Resistance Now

  5. US Dollar Forecast to Rally Further, but Why Have Risks Grown?
    Forex News

    US Dollar Forecast to Rally Further, but Why Have Risks Grown?

Trading Center