8 Apr 2014
EUR/USD looks to extend the range bound - Societe Generale
FXStreet (Barcelona) - Kit Juckes, Global Head of Currency Strategy at Societe Generale, expects the EUR/USD to extend its recent congestion pattern.
Key Quotes
"EUR/USD has stabilised but still looks range-bound more than anything. The only data this morning was a small bounce in the Banque de France survey, and we await any further ECB comments."
"In the UK, manufacturing output is expected to rise modestly, and GBP/USD to remain reasonably well supported ahead of the MPC meeting. The US sees small business confidence data and more Fed speakers."
Key Quotes
"EUR/USD has stabilised but still looks range-bound more than anything. The only data this morning was a small bounce in the Banque de France survey, and we await any further ECB comments."
"In the UK, manufacturing output is expected to rise modestly, and GBP/USD to remain reasonably well supported ahead of the MPC meeting. The US sees small business confidence data and more Fed speakers."