Despite Friday’s recovery, GBP / USD remains in a bearish configuration, Credit Suisse analysts say. They continue to see the possibility of a pullback to retest the March / May base at 1.4017 / 06. Key statements: “A clear break of 1.4082 / 77 would confirm a top to clear the way for a deeper […]
Tag: Banks
USA: The recovery of the labor market has entered a difficult phase
In May, job growth was 559,000, disappointing market expectations. According to Wells Fargo analysts, the May jobs report confirmed that the biggest challenge to the labor market recovery is the job itself. Key statements: “Job growth disappointed again in May, reaching 559,000. The payroll upward revision for April was negligible (+12,000), showing that the slowdown […]
Canada: Recent soft streak in labor market should prove temporary
The Canadian employment report showed lower-than-expected readings on Friday and the second consecutive month of job losses. According to the analysts of the National Bank of Canada, Canada it continued to experience a third wave of weakness in the labor market with a substantial decline in employment following a significant decline in April. Featured statements […]
USD: Dollar to remain weak as 10-year yield remains key
MUFG Bank Analysts note that the correlation between the US dollar and US bond yields has strengthened. They see limited momentum for higher yields, so they see the US dollar to remain weak. Featured statements “The yield on US 10-year bonds is still important. The FX / US yield correlation It has become more significant […]
USD / JPY now targets the 110.50 region – UOB
Additional gains could take USD / JPY to the 110.55 level in the coming weeks, suggest currency strategists at UOB Group. Key Comments: 24 hour view: “The strong rise of the USD / JPY during the American session to 110.32 was a surprise. While deep overbought conditions suggest that USD / JPY is unlikely to […]
GBP / USD awaiting further decline – UOB
The currency strategists of UOB Group noted that the outlook for the pound now points to further declines in the short term. 24-hour perspective: “Yesterday, we expected the UK currency to trade within a range of 1.4135 / 1.4200. Subsequently, the GBP tested the top of the expected range (1.4202 high) before making a surprisingly […]
EUR / USD at risk of a dip towards 1.2055 – UOB
In the opinion of the currency strategists of UOB Group, the EUR/USD it could extend the downtrend to the mid-1.2000s in the coming weeks. 24-hour perspective: “We do not anticipate the strong sell-off in the EUR until 1.2116 yesterday. While the sharp and rapid decline is oversold, the strong downside momentum suggests the euro could […]
USD / JPY remains trapped within the range of 108.80 to 110.00 – UOB
An additional movement in range in USD / JPY remains on the table on the short-term horizon, say UOB Group currency strategists. Key Comments: 24 hour view: “We highlighted yesterday that ‘the underlying tone has strengthened, but any advance in USD / JPY is likely to be limited to a test of 109.80’. We added, […]
GBP / USD still within a range between 1.4090 and 1.4250 – UOB
In the view of UOB Group currency strategists, it is expected that GBP / USD moves within the range of 1.4090-1.4250 for the moment. Key Comments: 24 hour view: “Yesterday we expected GBP / USD to weaken, but we highlighted that ‘any weakness is likely to be limited to a test of 1.4120’. We added […]
EUR / USD keeps the movement in the range between 1.2150 and 1.2265 intact – UOB
UOB Group currency strategists predict that the EUR / USD will extend the consolidation between 1.2150 and 1.2265 in the short term. Key Comments: 24 hour view: “Yesterday we expected EUR / USD to ‘move sideways within a 1.2195 / 1.2240’ range. However, EUR / USD fell to 1.2162 before rising again. The outlook is […]
