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Aug 29 - 11:00 AM
EUR/USD: Range Low Should Hold; EUR/GBP: Dips A Buy; USD/JPY: Fade Rallies Into 107.50 - TD
First appeared on eFXplus on Aug 29 - 09:15 AM

TD Research summarizes its tactical views on EUR/USD, EUR/GBP, and USD/JPY.

"European data and politics remain top of mind, with German CPI missing expectations this morning. That won't do the EUR many favors, but range lows in EURUSD should offer support in the short-run.

The suspension of Parliament boosts the risk of a no-deal Brexit, which should amplify the two-way threats to GBP. That favors dip-buying in EURGBP," TD notes. 

"USDJPY has rallied on the China-inspired risk bounce, though we think 107.50 offers attractive levels to fade. Still, with CHF running a premium to short-term drivers, we note that CHFJPY looks 3% rich," TD adds. 

TD Bank Research/Market Commentary


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