0727 GMT [Dow Jones] Enjoy the bounce, SG says, since some watering
down of European austerity is coming and more US QE is on the cards
too. "So EUR/USD can make another move higher this afternoon as the
U.S. comes in," says Societe Generale strategist Kit Juckes, tipping a
move to 1.30 before the rally runs out of steam. CAD/JPY needs to
break 78 to open the way for the next upleg, but that's possible too,
he adds. "Risk can be on for longer than bears like to think," Juckes
says. EUR/USD is at 1.2699, while CAD/JPY is at 77.64.
(william.kemble-diaz@dowjones.com)
Contact us in London. +44-20-7842-9464
Markettalk.eu@dowjones.com
(END) Dow Jones Newswires
June 18, 2012 03:27 ET (07:27 GMT)
No comments:
Post a Comment