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  • FX Hot Pick

    Market Insights Today – EUR

    Trend – The EUR rose for the third week on the back of weakness in the USD. The EUR surged 3% last week, approaching 1.12 at close last Friday. Market expectations of some progress in Greek debt negotiation talks supported the sentiment towards the EUR. The Euro area’s PMI, CPI and retail sales data will be available this week.

    Technical – EUR/USD support is seen at the 18 Mar low (1.0864), with resistance at 18 Feb high (1.1334).below.

      Last Week
    High
    Last Week
    Low
    Primary
    Support
    Secondary
    Support
    Primary
    Resistance
    Secondary
    Resistance
    Key
    Signpost
    GBP-HKD 12.01 11.70 11.50 11.30 12.20 12.40 Apr Manufacturing PMI
    AUD-HKD 6.25 6.03 5.80 5.60 6.45 6.65 Apr RBA rate decision
    CAD-HKD 6.48 6.35 6.15 5.95 6.70 6.90 Apr Unemployment Rate
    USD/HKD: 7.7526
    Source: Standard Chartered, Bloomberg
    Last updated on 4 May 2015

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