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Trading news
17 Apr 2015
EUR/USD might revisit 1.1098 area – KBC
FXStreet (Barcelona) - The KBC Bank Research Team notes that the short-term outlook for EUR/USD looks more balanced versus the ECB QE’s negative push, hence a move towards 1.1098 stands likely.
Key Quotes
“The LT dollar picture remains bullish, but the soft patch is taking longer and some Fed governors see the economy having difficulties to get escape velocity. Therefore, they will wait for longer before tightening policy. This is a dollar negative.”
“Of course, on the side of the euro, QE will continue setting rates under downward pressure. Admittedly, EMU eco data are improving. So, this brings the EUR/USD short term more in balance.”
“Some dollar bulls may still have to reposition and therefore EUR/USD may revisit the 1.1098 area. We see the 1.0462-to 1.1098 range as appropriate short term.”
Key Quotes
“The LT dollar picture remains bullish, but the soft patch is taking longer and some Fed governors see the economy having difficulties to get escape velocity. Therefore, they will wait for longer before tightening policy. This is a dollar negative.”
“Of course, on the side of the euro, QE will continue setting rates under downward pressure. Admittedly, EMU eco data are improving. So, this brings the EUR/USD short term more in balance.”
“Some dollar bulls may still have to reposition and therefore EUR/USD may revisit the 1.1098 area. We see the 1.0462-to 1.1098 range as appropriate short term.”