29 Aug 2013
EUR/USD to roll on dollar gains as GBP/USD eased on Carney - OCBC Bank
FXstreet.com (Barcelona) - Emmanuel Ng of OCBC Bank notes that EUR/USD looks poised to roll over while GBP/USD eased initially on Carney.
Key Quotes
“The EUR/USD may look increasingly poised to roll over if the broad dollar continues to gain traction multi-session and a breach below 1.3300 would open the way to 1.3250.”
“Meanwhile, the 1.3400 ceiling may remain intact in the current environment.”
“The GBP/USD eased initially despite the BOE Carney’s reiterating that the central bank would provide additional stimulus as needed.”
“With markets still pricing in a tightening relatively earlier than the BOE’s game plan, the pair eventually bounced off intra-day lows to end slightly lower on the day.”
“Pending further global cues, cable however test gingerly below its 200-day MA (1.5510) before the 1.5500 and 1.5445 supports.”
Key Quotes
“The EUR/USD may look increasingly poised to roll over if the broad dollar continues to gain traction multi-session and a breach below 1.3300 would open the way to 1.3250.”
“Meanwhile, the 1.3400 ceiling may remain intact in the current environment.”
“The GBP/USD eased initially despite the BOE Carney’s reiterating that the central bank would provide additional stimulus as needed.”
“With markets still pricing in a tightening relatively earlier than the BOE’s game plan, the pair eventually bounced off intra-day lows to end slightly lower on the day.”
“Pending further global cues, cable however test gingerly below its 200-day MA (1.5510) before the 1.5500 and 1.5445 supports.”