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3 Apr 2014
All eyes on Payrolls tomorrow - Societe Generale
FXStreet (Barcelona) - Sebastien Galy, Senior FX Strategist at Societe Generale, believes an upside surprise tomorrow would drag the EUR/USD to 1.35/1.3450.
Key Quotes
"Enters NFP. If we do get that expected strong bounce higher, UST 2s which had been inching to break their previous highs should do so."
"The market is partly positioned for this long usdjpy, short I would presume the belly of the curve and keeping long usdcad (even as commo block rallies). Such a surprise in NFP would push the usd higher with usdchf and eurusd a prime candidate for a move lower. In Eurusd the techie levels seem at 1.35 or 1.3450."
Key Quotes
"Enters NFP. If we do get that expected strong bounce higher, UST 2s which had been inching to break their previous highs should do so."
"The market is partly positioned for this long usdjpy, short I would presume the belly of the curve and keeping long usdcad (even as commo block rallies). Such a surprise in NFP would push the usd higher with usdchf and eurusd a prime candidate for a move lower. In Eurusd the techie levels seem at 1.35 or 1.3450."