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hongmei886 发表于 2014-5-12 11:59 
顶,等贴!
EUR: Having touched a 2yr+ high of 1.3995, EUR/USD’s drop to around 1.3750
is impressive by any standard. For now, markets clearly take Draghi at his word.
CFTC positioning to Tues 6th show speculators with a mild ‘net long’ EUR/USD
stance into the ECB meeting, highlighting sizeable scope for sentiment to turn
EUR negative. For the week ahead, 1Q EZ GDP on Thurs is seen rising for a 4th
quarter (0.4%QoQ). US highlights are retail sales (Tues) & April CPI (Thurs).
The latter in particular is set to be strong, maybe hitting the Fed’s 2% target.
This being the case, EUR/USD can be further pressured, initially below 1.3740
support and on toward 1.37. Counterbalancing this trend might be GBP/USD
support, with UK labour data and BoE Qtly inflation Report on Wed the standout
events. Further job gains together with BoE discussion on the timing of a first
rate hike could see GBP/USD fail at 1.6820/22 support and return toward 1.69. |
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