GBP / USD needs to close above 1.4235 to reignite another positive phase, in the opinion of UOB Group currency strategists. Key Comments: 24 hour view: “Our expectation that GBP / USD ‘will drop to 1.4075 first before stabilizing’ did not materialize. Instead, the British pound rallied to a high of 1.4192 the day before. […]
Tag: Banks
Additional gains expected above 1.2265 – UOB
UOB Group currency strategists suggest that EUR / USD faces sustainable gains above 1.2265 level in the short term. Key Comments: 24 hour view: “The rapid recovery of EUR / USD was a surprise (we expected EUR / USD to test support at 1.2145). Despite the relatively strong rally, the bullish momentum hasn’t improved much. […]
USD / JPY maintains the movement in the range between 108.50-109.55 – UOB
According to the currency strategists of the UOB Group, USD / JPY faces further consolidation in the range between 108.50-109.55 on the short-term horizon. Key Comments: 24 hour view: “Yesterday, we expected USD / JPY to ‘trade sideways between 108.80 and 109.30’. Subsequently, USD / JPY rose to 109.33 and briefly fell to 108.56 before […]
The positive phase seems to be over – UOB
UOB Group currency strategists now look to the GBP / USD within the range of 1.4100 to 1.4200 In the next weeks. Key Comments: 24 hour view: “Our expectation that the sterling rally ‘will test 1.4235 first before a pullback’ was incorrect as it rose to 1.4200 before selling sharply to a low of 1.4100 […]
EUR / USD now enters a consolidation phase – UOB
In the opinion of the currency strategists at UOB Group, EUR / USD is now likely to move within the 1.2095 to 1.2245 range. Key Comments: 24 hour view: “While our view that the EUR / USD ‘could break 1.2240 but is unlikely to challenge the next major resistance at 1.2290’ was correct (the EUR […]
GBP / USD maintains bullish bias targeting 2021 high at 1.4237 – Credit Suisse
GBP / USD remains on course to move to 2021 highs at 1.4238, then 1.4377, according to analysts at Credit Suisse. They see very short-term support at 1.4165. Key statements: “GBP / USD maintains its latest break above the May highs of 1.4155 / 69 and the daily MACD momentum sharply accelerated, keeping our bias […]
USD / JPY still faces a range between 108.50 and 109.55 – UOB
The USD / JPY is still expected to maintain the trading range between 108.50 and 109.55 in the coming weeks, note the currency strategists at UOB Group. Key Comments: 24 hour view: “Yesterday, we expected USD / JPY to ‘trade sideways between 109.00 and 109.55’. Our expectations were wrong as USD / JPY fell to […]
Door open to a move to 1.4290 – UOB
According to the currency strategists at UOB Group, the outlook for GBP / USD remains positive and could extend the rally towards the 1.4290 level In the next weeks. Key Comments: 24 hour vision: “Our expectation of a stronger GBP was correct, but we underestimated the strength of the rally as it rose to 1.4220 […]
EUR / USD looks firm and is now focused on 1.2290 – UOB
In the opinion of the currency strategists at UOB Group, EUR / USD could try to move to 1.2290 once the 1.2240 level is broken. Key Comments: 24 hour vision: “While our view that EUR / USD would strengthen yesterday was correct, we did not expect the sharp and rapid rise to 1.2233 (we thought […]
EUR / USD will hit 1.25 in September – Deutsche Bank
Deutsche Bank economists see European currencies as the main beneficiaries of a context in which the coronavirus is being overcome, with the highest growth in the world and an improvement after having grown behind. They estimate that the EUR / USD will break 1.25 in September. Key statements: Despite the large rise in US yields, […]
