Back

Sell EUR on signs of any strength – Westpac

FXStreet (Barcelona) - The Research Team at Westpac, views selling euro on any signs of strength as a good trade, suggesting 1.16-1.17 to be the ideal sell zone.

Key Quotes

“EUR/USD has begun to stabilize and our Eurozone data surprise index is starting to firm while our US index is rolling over, with both trends potentially having a lot further to go.

“However still favour selling EUR on strength, 1.16-1.17 the ideal sell zone.”

“Advance GDP for the region next week likely to offer a timely reminder that the ECB faces a tough slog to raise growth and inflation, and against the backdrop of open ended ECB QE EUR/USD will struggle to mount anything more than temporary bouts of short squaring.”

“Greek worries have faded but the brinksmanship faces at least a couple more iterations, and today’s ECB move to end the Greek debt waiver is a very good example here!”

“EUR/GBP could see a good bounce amid slashed BoE inflation projections in next week’s inflation report.”

Gold struggles for direction

Gold prices are stuck largely in the range of USD 1259-1273/OZ levels as investors avoid making big bets ahead of the US Non-farm payrolls data due tomorrow.
อ่านเพิ่มเติม Next