EUR / USD has bounced off short-term support at 1.1994 / 89. Karen Jones, Head of the FICC Technical Analysis Research Team at Commerzbank, expects the pair to enjoy a strong rebound to retest the late April high at 1.2150. EUR / USD may ease upward pressure if it falls below 1.1927 “The EUR / […]
Tag: Banks
GBP / USD still shows a mixed outlook – UOB
The pound remains poised to extend its lateralized trading between 1.3800 and 1.4000 in the coming weeks, according to analysts at UOB Group. 24 hour perspective: “Yesterday we expected the GBP to trade sideways within a range of 1.3870 / 1.3940. Subsequently, the British pound moved between 1.3859 and 1.3942 before settling at 1.3891 (-0.14%). […]
Downward pressure loses traction – UOB
In the opinion of the currency strategists of UOB Group, the EUR / USD could have now moved into a consolidation range between 1.2000 and 1.2130. 24 hour perspective: “Our expectation that the EUR would test 1.1975 was incorrect as it rallied strongly from 1.1991 (yesterday’s high of 1.2071). The rebound has room to extend […]
AUD / USD with the 0.80 zone at your fingertips – Westpac
AUD / USD remains in neutral ground so far this week, with most G10 currencies lower against the USD, Westpac economists note. They see that staying above 0.7800 is still hard work, but the renewed rise in commodity prices is a factor that favors buying in the face of setbacks below 0.7700. Key statements: “Renewed […]
USD / JPY still points to further gains towards the 110.00 region – UOB
The USD / JPY is still targeting the 110.00 region on the short-term horizon, say UOB Group currency strategists. Key Comments: 24 hour view: “Yesterday, we expected USD / JPY to ‘trade sideways between 109.10 and 109.60’. Subsequently, USD / JPY moved within a tighter range than expected (109.13 / 109.47). Momentum indicators remain mostly […]
GBP / USD will continue to trade between 1.3800 and 1.4000 – UOB
The pound is expected to navigate within the 1.3800-1.4000 range in the coming weeks, as noted by currency strategists from UOB Group. 24 hour perspective: “The GBP traded yesterday between 1.3877 and 1.3926, in a zone tighter than our expected range of 1.3845 / 1.3930. While it would not be surprising if more lateral operations […]
EUR / USD accelerates downside momentum – UOB
In the opinion of the currency strategists of UOB Group, the EUR / USD is at risk of further declines in the coming weeks. 24 hour perspective: “Yesterday we highlighted that the strong fall in the EUR had room to test the main support at 1.1975 first before stabilization could be expected. The euro subsequently […]
The S&P 500 Index will extend its downward correction with a break below 4.118 / 12
The S&P 500 remains below 4200. Credit Suisse economists expect a potentially protracted consolidation / corrective phase to emerge with key short-term support still seen at 4.118 / 12. Moving below 4.118 / 12 is necessary to mark a short-term top “With a range of ‘red pennants’ and signals of overstretching still in place, as […]
Still room for a move to 109.95 – UOB
The upward momentum of USD / JPY could extend to the key level of 110.00 in the coming weeks, as commented by currency strategists at UOB Group. Key Comments: 24 hour view: “Yesterday we expected USD / JPY to ‘trade sideways between 108.80 and 109.40’. Subsequently, USD / JPY rose to 109.48 and fell to […]
GBP / USD remains in a mixed outlook – UOB
In the opinion of UOB Group currency strategists, it is considered that GBP / USD will remain within the 1.3800-1.4000 range In the next weeks. Key Comments: 24 hour view: “We highlighted yesterday that ‘despite the strong rebound, the bullish momentum has not improved as much.’ However, our expectation that GBP / USD would ‘rise […]
