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14 Jun 2013
EUR/USD lower in European session
FXstreet.com (London) - EUR/USD is printing lower in the session drifting from 1.3350 to currently print a low of 1.3322.
EURUSD came into play yesterday reacting to the Hilsenrath article in the WSJ as the market started to anticipate hawkish fed policy. The S&P moved sharply l.5% and EURUSD rose to trade up to 1.3375 before it retreated. Bernanke remarks next week could also support rough consensus for September tapering.
EUR/USD focused on CPI
Consumer prices in the euro area will be in the limelight followed by the Employment Change during the first quarter. Market consensus expects the CPI to have expanded at annual pace of 1.4% in May. Across the pond, Producer Prices and the advanced release of the Reuters/Michigan index will grab all the attention.
EUR/USD buying on dips
Banks are suggesting that the EURUSD continues to be a buy on dips. Only a break back below 1.3250 would negate the current upward momentum. Offers in orders are seen at 1.3385-1.3400.
EURUSD came into play yesterday reacting to the Hilsenrath article in the WSJ as the market started to anticipate hawkish fed policy. The S&P moved sharply l.5% and EURUSD rose to trade up to 1.3375 before it retreated. Bernanke remarks next week could also support rough consensus for September tapering.
EUR/USD focused on CPI
Consumer prices in the euro area will be in the limelight followed by the Employment Change during the first quarter. Market consensus expects the CPI to have expanded at annual pace of 1.4% in May. Across the pond, Producer Prices and the advanced release of the Reuters/Michigan index will grab all the attention.
EUR/USD buying on dips
Banks are suggesting that the EURUSD continues to be a buy on dips. Only a break back below 1.3250 would negate the current upward momentum. Offers in orders are seen at 1.3385-1.3400.