20 Jan 2015
EUR/USD steady above 11 year low - FXStreet
FXStreet (Guatemala) - Valeria Bednarik, chief analyst at FXStreet explained that the EUR/USD pair opens the week slightly lower, trading however above the fresh 11-year low of 1.1458 posted last Friday.
Key Quotes:
"Markets had been quite choppy ever since the SNB decision, with brokers’ insolvency and financial woes being the main theme of the day. But that particular crisis, seems to have been contained right in time. US CPI was for the most ignored, although numbers missed expectations, which means the FED may have room to begin with rate hikes until the second half of this year."
"In the meantime, the market is mostly convinced ECBs’ sovereign QE its coming this week, and majors may do little ahead of the Central Bank meeting on Thursday."
"The 1.1530 level stands as immediate support, with a break below it pointing to a retest of the mentioned daily low, whilst to the upside, selling interest will likely surge on approaches to the 1.1600 figure."
Key Quotes:
"Markets had been quite choppy ever since the SNB decision, with brokers’ insolvency and financial woes being the main theme of the day. But that particular crisis, seems to have been contained right in time. US CPI was for the most ignored, although numbers missed expectations, which means the FED may have room to begin with rate hikes until the second half of this year."
"In the meantime, the market is mostly convinced ECBs’ sovereign QE its coming this week, and majors may do little ahead of the Central Bank meeting on Thursday."
"The 1.1530 level stands as immediate support, with a break below it pointing to a retest of the mentioned daily low, whilst to the upside, selling interest will likely surge on approaches to the 1.1600 figure."