What’s the sentiment around the EUR/USD today? – OCBC Bank and Commerzbank

FXStreet (Edinburgh) - The EUR/USD is struggling to keep the 1.3600 handle at the end of the week, coming down from recent peaks in the vicinity of 1.3650.

“In the near term, the EUR-USD may remain captive in the vicinity of 1.3600 with the 200-day MA (1.3678) unlike to be challenged if news flow”, notes Emmanuel Ng, FX Strategist at OCBC Bank.

Karen Jones, Head of FICC Technical Analysis at Commerzbank, also adds the pair “is heading back down to the current July low at 1.3576 below which lies the much more important 1.3503 recent low and the 1.3497 2012-2014 uptrend”.

Jul 11, 2014

National data points to a decline in Eurozone aggregate production - ING

Martin Van Vilet from ING expects Eurozone Industrial Production data, due out on Monday, to reveal a pronounced weakness.

Recent old gold rally likely not the beginning of another bull run - TD Securities

TD Securities Commodity Strategists Bart Melek and Mike Dragosits believe that the current six week old gold rally which has taken gold from a low of about $1,240/oz in early-June to slightly north of $1,345/oz on Thursday, may get extended to as high as $1,375/oz in the not too distant future, this is likely not the beginning of another bull run.