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发表于 2014-10-1 14:31:34
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Forward Looking Surveys Watched. Bearish. Watch: German IFO, M3, ECB bank lending survey, PMIs.We remain bearish on EUR/USD, EUR/GBP and EUR/JPY. EUR/USD has breached the lower end of the recent trading range, which, in our view, has provided a significant negative signal suggesting a move lower. This will highlight the broader bearish picture given that the European activity data has been disappointing and inflation remains low. This week we will be watching the German IFO and the PMIs for signs of further weakness. |
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