26 Jul 2013
Flash: EUR/USD primed for move to 1.3400 – Westpac
FXstreet.com (New York) - Global Markets Strategist Sean Callow at Westpac analyzes the short-term outlook of the EUR/USD.
Key quotes
“The EUR/USD primed for a run at 1.3400+ resistance next week amid a probable sub-consensus, sub-1% Q2 US GDP print and an FOMC statement that breaks no new ground and makes no mention of a potential slowing in asset purchases.”
“Diminished ECB easing risks following firmer French and German PMI survey data and reduced political risks in the periphery (for the time being) add to the much improved EUR atmospherics.”
“Meanwhile, the EUR/AUD looks set to break new ground on the topside through 1.45 and beyond.”
Key quotes
“The EUR/USD primed for a run at 1.3400+ resistance next week amid a probable sub-consensus, sub-1% Q2 US GDP print and an FOMC statement that breaks no new ground and makes no mention of a potential slowing in asset purchases.”
“Diminished ECB easing risks following firmer French and German PMI survey data and reduced political risks in the periphery (for the time being) add to the much improved EUR atmospherics.”
“Meanwhile, the EUR/AUD looks set to break new ground on the topside through 1.45 and beyond.”