According to currency strategists at UOB Group, the outlook for the USD / JPY continue to point to an additional range in the coming weeks, probably between 108.50 and 109.95. Key Comments: 24 hour view: “We highlighted yesterday that ‘the momentum indicators are mostly neutral and it would not be surprising if more lateral movements […]
Tag: Banks
GBP / USD May Still Retest 1.4235 Region – UOB
In the opinion of the currency strategists at UOB Group, GBP / USD could advance to the 1.4235 level as long as it remains above 1.4160 In the next weeks. Key Comments: 24 hour view: “Our expectation for the British pound to ‘trade downward bias’ was incorrect as it spiked to 1.4146 before closing firm […]
EUR / USD continues to target 1.2180 and beyond – UOB
UOB Group currency strategists note that the EUR / USD Faces Additional Gains Above 1.2180 Level in the short term. Key Comments: 24 hour view: “We expected the EUR / USD to ‘advance further’ yesterday, but we are of the opinion that ‘1.2180 is unlikely to enter the scene.’ Our expectation was not wrong as […]
EUR / USD Faces Additional Gains Above 1.2180 – UOB
Additional gains expected on EUR / USD once above the 1.2180 level, suggest the currency strategists at UOB Group. Key Comments: 24 hour view: “The EUR / USD rose to 1.2149 last Friday before closing on a firm tone at 1.2140 (+ 0.51%). Further progress is not ruled out, but last week’s high of 1.2180 […]
USD / MXN mainly trades within a range of 19.50 to 21.0
After the Banxico meeting on Thursday, Rabobank analysts they still hope that the pair USD/MXN It mainly trades within a range of 19.50 to 21.0 with a bias towards the 19.80 to 20.60 region. The central bank kept rates unchanged as expected at 4%. Analysts argue that the general tone of the statement can be […]
US: Supply constraints to slow the recovery of the manufacturing industry
Industrial production in the USA. it expanded 0.7% in April, below the 1% market consensus. Analysts at Capital Economics note that the recovery in production continues to lag far behind in consumption and, with shortages becoming more widespread, the situation will worsen in the coming months. Key statements: “Manufacturing output increased a modest 0.4% MoM […]
USD: The dollar remains vulnerable
MUFG Bank Analysts they point out that the Federal Reserve’s “transitory” inflation message has credibility. They see that the risk of a steeper jump in yields is greater, the outlook remains low for now. His outlook for the dollar remains bearish, although with less conviction than before. Featured statements: “Communicating on the Fed’s guidance has […]
Banxico is still expected to maintain stable rates during 2021-22 – BBVA
Thursday, the central bank of Mexico, as expected, it kept interest rates unchanged. The analysts of the BBVA Research Department They continue to expect Banxico to keep interest rates stable during the 2021-22 period, in contrast to the harsher view of the financial markets. They argue that the central bank has become more concerned about […]
No change in April after record increase – Wells Fargo
Data released on Friday showed that retail sales were unchanged in April. The result was below the expectations of the consensus, which anticipated a modest gain; although the upward revision of the March figures considerably softens the blow, they explained analysts of Wells Fargo. Featured statements “Retail sales were unchanged in April after upward revisions […]
Prepared to race towards the March high of 110.97 – Credit Suisse
Credit Suisse economists claim that USD / JPY successfully maintained its uptrend since January at 108.43. They expect a breakout above 109.95 / 97 to give it strength for a retest of the March high of 110.97. Key statements: “Key short-term resistance remains at 109.95 / 97, a break above is necessary to clear the […]
