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      EUR/USD upside remains limited – Scotiabank

      FXStreet (Edinburgh) - Eric Theoret, Currency Strategist at Scotiabank, argued that further upside in the pair remains unlikely.

      Key Quotes

      “Fed officials continue to talk as if “lift off” is really just around the corner and additional ECB policy easing, if it comes, would likely only happen later this year”.

      “We see little opportunity for the EURUSD bounce to extend and continue to advocate short positions in the single currency”.

      “EURUSD’s short squeeze above 1.1155 has taken immediate pressure off the EUR but there is firm resistance in the high 1.11s and we look for intraday gains to slow at or around the 1.1170/80 area”.

      United States EIA Crude Oil Stocks change came in at -1.93M, below expectations (-0.53M) in September 18

      United States EIA Crude Oil Stocks change came in at -1.93M, below expectations (-0.53M) in September 18
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      LatAm central bank activity ahead in the week – BBH

      The research team at BBH has noted the upcoming central bank meetings in the LatAm space...
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