EUR/USD has fallen below 0.9900 for the first time since October 2002. ING economists expect the world’s most popular currency pair to extend your decline towards the 0.9600/0.9650 zone. The 75 basis point hike is too big a jump for the ECB “Gas news has sent EUR/USD to a new yearly low and it is […]
Tag: Banks
USD/JPY shifts focus towards 141.50 – UOB
Additional gains could lead USD/JPY to revisit the 141.50 region on the short-term horizon, UOB Group currency strategists Lee Sue Ann and Quek Ser Leang have said. Featured Comments 24 hour view: “Last Friday we highlighted that “further USD/JPY strength is likely, although overbought conditions suggest USD/JPY may not be able to hold above 140.50.” […]
GBP/USD: Bets rise for a drop below 1.1415 – UOB
According to UOB Group currency strategists Lee Sue Ann and Quek Ser Leang, GBP/USD could return below the 1.1415 area In the next weeks. Featured Comments 24 hour view: “Last Friday, we expected GBP/USD to weaken, but were of the opinion that it “might not be able to hold below 1.1500″. Our view did not […]
BoE to raise rates by 50 basis points at September meeting – Goldman Sachs
The Goldman Sachs economists, in their latest note, maintain the opinion of a 50 basis point rate hike by the Bank of England (BoE) in its September monetary policy decisionwhile revising upwards their forecasts for a rise of 50 basis points in the coming months. Featured Statements “In the run-up to the September meeting, the […]
EUR/USD is at risk of further decline once it breaks the 0.9900 level – UOB
UOB Group currency strategists Lee Sue Ann and Quek Ser Leang suggest that EUR/USD could accelerate losses if it closes below 0.9900. Featured Comments 24 hour view: “EUR/USD rose to a high of 1.0033 during the New York session before falling sharply to as low as 0.9941. EUR/USD opened on a weak tone in Asia […]
The big deals financed by the banks in the summer
By Leonidas Stergiou Financing of large business deals, such as Motor Oil-Ellaktor, the refinancing and new lending of El. Venizelos, the investment program of DEDDIE, and even the financing of projects in neighboring countries boosted business confidence. Something that is set to continue, according to bank executives, as there is a backlog of around €10 […]
US: Employment report weaker by all accounts – Wells Fargo
The official US employment report showed that the US economy added 315,000 jobs in August, slightly above expectations of 300,000; the unemployment rate unexpectedly rose from 3.5% to 3.7%. According to Wells Fargo analysts, Today’s data, in isolation, tips the balance towards a 50 basis point interest rate hike at the Fed’s September meeting, but […]
Bank of Canada will take rates into tightening territory next week – TD Securities
original content: Next week, the Bank of Canada will hold its monetary policy meeting. The market consensus is for an increase in the base interest rate to 3.25%. Analysts at TD Securities expect the Bank of Canada to raise rates by 75 basis points, entering tightening territory. They see little incentive for smaller hikes as […]
Thailand: Door open for another BoT rate hike – UOB
The UOB Group economist, Enrico Tanuwidjaja, comments on the likelihood that the Bank of Thailand (BoT) will tighten interest rates again later in the year. Key points “The Thai economy grew less than expected in the second quarter of 2012, but the rebound in consumer spending was a welcome start to a possible faster growth […]
EUR/USD to drop to 0.97, yen to weaken to 142.00 and pound to 1.14 – ANZ
EUR/USD is below parity and USD/JPY is above 140.00. The ANZ Bank economists expect EUR/USD and USD/JPY to move towards 0.97 and 142.00respectively. DXY will hit 112.00 in early 2023 “Our new global forecasts see the euro slip below parity to 0.97, the yen weaken to 142.00 and the lpound sterling up to 1.14. These […]
