21 Aug 2013
Flash: EUR/USD and GBP/USD supported into Fed minutes - OCBC Bank
FXstreet.com (Barcelona) - Emmanuel Ng notes that amid dollar softness, markets ignored cautionary comments from the German Finance Minister, who noted that Greece may require an additional bailout (when the current package terminates at the end of next year).
Key Quotes
“With (EUR/USD) hovering above 1.3400, we look for a supported tone to prevail pending the Fed minutes with some consolidation expected towards 1.3500.”
“GBP/USD attempted to brush up against the 1.5700 ceiling on Tuesday as the broad dollar wavered.”
“With the US slightly soggy, the EUR in focus, and UK data supportive of late, we continue to look for some potential of a pause on approach of the 1.5715 to 1.5750 area.”
“On the downside 1.5600 may be seen as a near term support and a buy dips stance may remain in play for now. “
Key Quotes
“With (EUR/USD) hovering above 1.3400, we look for a supported tone to prevail pending the Fed minutes with some consolidation expected towards 1.3500.”
“GBP/USD attempted to brush up against the 1.5700 ceiling on Tuesday as the broad dollar wavered.”
“With the US slightly soggy, the EUR in focus, and UK data supportive of late, we continue to look for some potential of a pause on approach of the 1.5715 to 1.5750 area.”
“On the downside 1.5600 may be seen as a near term support and a buy dips stance may remain in play for now. “