In the opinion of UOB Group currency strategists, GBP / USD could fall back to the 1.4055 region In the next weeks. Key Comments: 24 hour view: GBP / USD fell to 1.4114 yesterday before closing at 1.4121 (-0.20%). The British pound extended its decline during the Asian session and it seems likely that the […]
Tag: Banks
EUR / USD faces strong support around 1.2130 – UOB
UOB Group currency strategists note that it is expected that Any bearish movement in EUR / USD finds solid support at 1.2130. Key Comments: 24 hour view: “The EUR / USD fell sharply to 1.2180 yesterday before closing on a soft tone at 1.2190 (-0.49%). The rapid decline appears to be ahead of itself, but […]
NZD / USD targets 0.7465 – Credit Suisse
The NZD / USD has completed a clear bullish pennant pattern after breaking above 0.7272, suggesting a move to 0.7353, Credit Suisse analysts claim. They see the final target at 0.7465. Key statements: “A closing break above early March highs at 0.7306 and the new bullish pattern should reassert the broader uptrend, with next resistance […]
EUR / USD en route to year highs at 1.2349 – Commerzbank
EUR / USD is approaching this year’s high at 1.2349. In the long term, the pair is heading to 1.2556 / 1.2619, the 2018 high, the 200-month moving average and the 55-quarter ma, as reported Karen Jones, Head of the FICC technical analysis research team at Commerzbank. EUR / USD is bid above the 1.2150 […]
EUR / USD could trade in a range of 1.2095-1.2245 in the coming weeks – UOB
The currency strategists of UOB Group They pointed out that the EUR / USD is likely to trade within the 1.2095-1.2245 range in the coming weeks. 24 hour perspective: “Our expectation for the EUR to test strong support at 1.2145 yesterday was incorrect as it rallied to 1.2229 during the New York session. While the […]
GBP / USD: Likely to consolidate below February high of 1.4238 / 45
Karen Jones, Head of the FICC Technical Analysis Research Team at Commerzbank, explains that GBP / USD is likely to remain in a consolidation mode below 1.4238 / 1.4245 in the short term. Key Comments: “GBP / USD tested on Friday and held below 1.4238 / 45, the recent high and high of March 2018, […]
EUR / USD has now held twice below February high – Commerzbank
Karen Jones, Head of the FICC Technical Analysis Research Team at Commerzbank, maintains a bullish bias on the EUR / USD pair and expects it to test the 2021 highs, near 1.2349. Key Comments: “EUR / USD tested again and held below 1.2243, the February high, twice last week. The daily RSI has diverged and […]
Canada: Retail sales benefited from the improvement in the health context in March, a strong setback is expected in April
Data released on Friday showed that retail sales rose 3.6% in April in Canada, beating expectations. Analysts at the National Bank of Canada point out that sales benefit from the health context. They note that consumption may have contributed to growth during the first quarter. Featured statements “Retail sales expanded 3.6% in March, much more […]
US: Home prices rise as they did in the bubble years
Existing home sales declined modestly in April (-2.7%) showed data released on Friday. Wells Fargo analysts they warn that prices rose even more. They point out that houses are still selling very fast. Featured statements “Existing home sales fell 2.7% in April to a historically strong pace of 5.85 million units.” “We expect the number […]
USD / CHF: Growing inflation concerns pose some upside risks for the Swiss franc
MUFG Bank analysts, They note that the Swiss franc has recently started to strengthen along with the price of gold. They argue that the move is due more to raising concerns about higher inflation than to demand for safe havens. Key statements: “The strengthening of the CHF in recent months has cast some doubt on […]
