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12 Aug 2013
Flash: EUR/USD stronger after CFTC indication? – Danske Bank
FXstreet.com (Barcelona) - Danske Bank analysts feel that today looks like a quiet day in the market, with no key events scheduled.
Key Quotes
“In respect of the USD all eyes are still on whether tapering starts in September (as we believe) or later. We stick to our long-held view that USD will appreciate as a consequence.”
“According to the latest IMM/CFTC data the market is still very speculative long USD against GBP and JPY. However, the speculative positions have once again turned around in EUR/USD and investors are now betting on a stronger EUR.”
Key Quotes
“In respect of the USD all eyes are still on whether tapering starts in September (as we believe) or later. We stick to our long-held view that USD will appreciate as a consequence.”
“According to the latest IMM/CFTC data the market is still very speculative long USD against GBP and JPY. However, the speculative positions have once again turned around in EUR/USD and investors are now betting on a stronger EUR.”