EUR/USD: SUSTAINED BREAK ABOVE 1.10 MAY REQUIRE SOME HELP FROM SOFTER US DATA OR BETTER DATA IN EU – SOCGEN

avatar
· 閱讀量 59




EUR/USD had a good day yesterday. Kit Juckes, Chief Global FX Strategist at Société Générale, anlayzes what is needed to see a sustained move above the 1.10 level.

EUR/USD has been driven more by short-term position adjustments than anything fundamental

A sustained break above 1.10 may require some help from softer US data (higher claims in the US could tip the balance, here) or better data in Europe (we’ve had a moderately upbeat INSEE survey today). 

In the longer run, we expect the Eurozone economy to bounce back from recent softness, and that should help drive the Euro higher. But for now, EUR/USD has been driven more by short-term position adjustments than anything fundamental.

 


風險提示:本文所述僅代表作者個人觀點,不代表 Followme 的官方立場。Followme 不對內容的準確性、完整性或可靠性作出任何保證,對於基於該內容所採取的任何行為,不承擔任何責任,除非另有書面明確說明。

喜歡的話,讚賞支持一下
回覆 0

暫無評論,立馬搶沙發

  • tradingContest