7 Feb 2014
Flash: EUR to challenge 55 DMA ? - OCBC
FXStreet (Guatemala) - Emmanuel Ng, FX Strategist at OCBC Bank noted the performance of the EUR and post NFP’s, wonders if the 55 DMA will be challenged next.
Key Quotes
"The ECB is expected to publish its revised macroeconomic forecasts next month note that market expectations for further monetary accommodation remain very much on the table despite yesterday’s ‘disappointment’. The US nonfarm numbers may put the next twist on the pair and it remains to be seen if the EUR/USD can stage a meaningful challenge of its 55-day MA (1.3644)"
Key Quotes
"The ECB is expected to publish its revised macroeconomic forecasts next month note that market expectations for further monetary accommodation remain very much on the table despite yesterday’s ‘disappointment’. The US nonfarm numbers may put the next twist on the pair and it remains to be seen if the EUR/USD can stage a meaningful challenge of its 55-day MA (1.3644)"