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5 Jun 2014
EUR/USD heavy ahead of ECB - OCBC
FXStreet (Bali) - Emmanuel Ng, FX Strategist at OCBC Bank, notes that the EUR/USD remains top heavy ahead of the ECB.
Key Quotes
"The plethora of EZ PMIs on Wednesday left the EUR a touch heavier against the greenback. Expect the focus today to be squarely on the ECB outcome, especially the central bank’s intentions after the heavily expected monetary easing today. We also remain conscious of any kneejerk reaction in the pair if the ECB ‘disappoints’ but in the interim, remain top heavy on the pair within a 1.3550-1.3650 range."
Key Quotes
"The plethora of EZ PMIs on Wednesday left the EUR a touch heavier against the greenback. Expect the focus today to be squarely on the ECB outcome, especially the central bank’s intentions after the heavily expected monetary easing today. We also remain conscious of any kneejerk reaction in the pair if the ECB ‘disappoints’ but in the interim, remain top heavy on the pair within a 1.3550-1.3650 range."