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EUR/USD risks a drop to 1.0450 – OCBC

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Nov 26, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    FXStreet (Edinburgh) - Emmanuel Ng, FX Strategist at OCBC Bank, sees chances that the pair could drop further towards the mid-1.0400s.

    Key Quotes

    “Wire reports indicating internal ECB discussions on potential QE measures are expected to keep the EUR on the defensive”.

    “Notably, markets are looking for a deposit rate cut next week, with the bund curve continuing to soften overnight”.

    “In a nutshell, expect the pair to continue to remain top heavy while contemplating the 1.0600 floor ahead of 1.0500 and 1.0450”.
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