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18 Sep 2013
Flash: Expect listless EUR/USD prior to FOMC - OCBC Bank
FXstreet.com (Barcelona) - Emmanuel Ng of OCBC Bank notes that a better than expected German ZEW encouraged the EUR/USD higher past 1.3350.
Key Quotes
“Expect the pair to be relatively listless ahead of the FOMC tonight although we stay flat to supported on the pair in the interim.”
“On a related front, note the ECB’s Coeure trying to distance the central bank from the Fed’s potential taper, stating that a high degree of monetary accommodation is still needed.”
“As noted previously, immediate resistance is expected towards 1.3400 before 1.3450 while key support multi-session is expected at around 1.3240 before the 55-day MA (1.3227).”
Key Quotes
“Expect the pair to be relatively listless ahead of the FOMC tonight although we stay flat to supported on the pair in the interim.”
“On a related front, note the ECB’s Coeure trying to distance the central bank from the Fed’s potential taper, stating that a high degree of monetary accommodation is still needed.”
“As noted previously, immediate resistance is expected towards 1.3400 before 1.3450 while key support multi-session is expected at around 1.3240 before the 55-day MA (1.3227).”