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Sep 17, 2014
EUR/USD : Markets still prefer to fade excessive upticks - OCBC
FXStreet (Bali) - Emmanuel Ng, FX Strategist at OCBC Bank, shares his thoughts on EUR/USD, noting that ahead of FOMC, markets may still prefer to fade excessive upticks.
Key Quotes
"The EUR-USD all but ignored the disappointing September ZEW as the dollar weakened across the board on Tuesday. Absent any follow through in the run up to the FOMC today, the pair may continue to be bracketed by a 1.2900-1.3000 range although markets may still prefer to fade excessive upticks."
Key Quotes
"The EUR-USD all but ignored the disappointing September ZEW as the dollar weakened across the board on Tuesday. Absent any follow through in the run up to the FOMC today, the pair may continue to be bracketed by a 1.2900-1.3000 range although markets may still prefer to fade excessive upticks."