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22 Aug 2014
EUR/USD: Skepticism towards any rebound beyond 1.3330 - OCBC
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."
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."