21 Aug 2013
Flash: EUR/USD extends bullishness – TD Securities
FXstreet.com (New York) - The TD Securities Team analyzes the tone and outlook of G10 currencies and the EUR/USD and GBP/USD.
Key quotes
“The USD’s middle-of-the-pack performance among the G10 currencies shows that the ‘risk off’ tone is not entirely pervasive, and overall, the majors still appear to be somewhat rangy despite the greater volatility that we’ve seen recently. “
“The EUR and GBP, for instance, have made healthy new local highs, but momentum is remains strong and for the EUR in particular, strong resistance above 1.3400 was broken yesterday, extending the bullishness.
“Another day without any macro developments on the calendar could spell more of the same choppy illiquid trading that we’ve seen over the past week or so, as the market awaits a stronger signal from the FOMC minutes, and Jackson Hole Conference starting Thursday.”
Key quotes
“The USD’s middle-of-the-pack performance among the G10 currencies shows that the ‘risk off’ tone is not entirely pervasive, and overall, the majors still appear to be somewhat rangy despite the greater volatility that we’ve seen recently. “
“The EUR and GBP, for instance, have made healthy new local highs, but momentum is remains strong and for the EUR in particular, strong resistance above 1.3400 was broken yesterday, extending the bullishness.
“Another day without any macro developments on the calendar could spell more of the same choppy illiquid trading that we’ve seen over the past week or so, as the market awaits a stronger signal from the FOMC minutes, and Jackson Hole Conference starting Thursday.”