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Thomson Reuters
Feb 05 - 06:12 AM
EUR/USD - After PMI Quiet Conditions May Lead EUR/USD Down
First appeared on eFXplus on Feb 05 - 04:25 AM
  • Eurozone PMI improves slightly but not enough to calm fear of slowdown
  • Euro zone composite PMI 51.0 in Jan vs 50.7 flash estimate
  • EUR/USD 1.1434-11 (EBS) ahead data and 1.1425 after
  • Quiet favours rates plays which will not work in euros favour
  • Quiet also to amplify the impact of hedging related to any large options
  • EUR 1 bln expiry @ 1.1400-10 may attract. EUR 640mln cap post-data recovery

EUROZONE composite PMI Click here

Source:
Thomson Reuters IFR Markets

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