28 Apr 2014
EUR/USD potential upside ahead - Societe Generale
FXStreet (Barcelona) - Kit Juckes, Global Head of Currency Strategy at Societe Generale, still sees the EUR/USD could rise further.
Key Quotes
"The other ‘big news' on Wednesday will come from the Euro Zone with the ECB bank lending survey (lending conditions not getting tighter but not getting easier either) and the Euro Area CPI data. HICP inflation fell from 0.7% to 0.5% last month and a rebound is almost universally expected."
"A failure to rebound would place huge pressure onthe ECN to ease further very soon. The forecasting community may not be looking for that but the market is very aware of this possibility and we could still see upward pressure on EUR/USD on ‘as expected' data."
Key Quotes
"The other ‘big news' on Wednesday will come from the Euro Zone with the ECB bank lending survey (lending conditions not getting tighter but not getting easier either) and the Euro Area CPI data. HICP inflation fell from 0.7% to 0.5% last month and a rebound is almost universally expected."
"A failure to rebound would place huge pressure onthe ECN to ease further very soon. The forecasting community may not be looking for that but the market is very aware of this possibility and we could still see upward pressure on EUR/USD on ‘as expected' data."