交易新闻
21 Apr 2015
What’s the sentiment around EUR/USD today? – Commerzbank and OCBC Bank
FXStreet (Edinburgh) - The heavy tone continues to prevail around EUR/USD today, currently testing the key support at 1.0700 ahead of the ZEW Survey due later.
“Sustained chatter about a Greek debt default or Grexit, coupled with headlines that Greek state enterprises/local governments have been ordered to channel excess cash to the central bank will likely keep the EUR heavy (note the continually depressed German curve while bund spreads have been widening). In the interim, expect markets to fade any upticks towards 1.0870 while a perforation of 1.0700 potentially opens the way to 1.0640”, noted Emmanuel Ng, FX Strategist at OCBC Bank.
In addition, Karen Jones, Head of FICC Technical Analysis at Commerzbank, suggested “Above 1.0822 however will alleviate immediate downside pressure for a run up to the more important 1.1027/98 band (January low and March/April highs). Only a close above 1.1098 would change our view to a short term bullish one and neutralise our medium term outlook”.
“Sustained chatter about a Greek debt default or Grexit, coupled with headlines that Greek state enterprises/local governments have been ordered to channel excess cash to the central bank will likely keep the EUR heavy (note the continually depressed German curve while bund spreads have been widening). In the interim, expect markets to fade any upticks towards 1.0870 while a perforation of 1.0700 potentially opens the way to 1.0640”, noted Emmanuel Ng, FX Strategist at OCBC Bank.
In addition, Karen Jones, Head of FICC Technical Analysis at Commerzbank, suggested “Above 1.0822 however will alleviate immediate downside pressure for a run up to the more important 1.1027/98 band (January low and March/April highs). Only a close above 1.1098 would change our view to a short term bullish one and neutralise our medium term outlook”.