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23 Sep 2013
Flash: Positive cues from the ZEW survey suggest this week’s Sep PMIs should show yet further improvement- Westpac Global Strategy Group
FXstreet.com (Athens)- Westpac Global Strategy Group recommends Markets should focus more on Chancellor Merkel’s mandate than potentially awkward coalition negotiations.
Key Quotes
“Dips in EUR are thus likely to be shallow, with the 2013 highs of 1.3712 not out of the question though our multi-week/month bias remains to sell this rally on likely divergent growth and yield momentum.”
“Focus remains on the US taper caper and the potential for tapering to now occur in October. With a quiet week domestically, the political situation in the US is now likely to be the next source of credit volatility.”
Key Quotes
“Dips in EUR are thus likely to be shallow, with the 2013 highs of 1.3712 not out of the question though our multi-week/month bias remains to sell this rally on likely divergent growth and yield momentum.”
“Focus remains on the US taper caper and the potential for tapering to now occur in October. With a quiet week domestically, the political situation in the US is now likely to be the next source of credit volatility.”