EUR / GBP is under pressure again. The pair has failed to break through strong resistance at 0.8722 / 32 and Karen Jones, FICC Technical Analysis Research Team Leader, expects to see a test of the neighborhood 0.8471 / 65. EUR / GBP bid below 0.8732 “EUR / GBP continues to pull back from stiff […]
Tag: Banks
EUR / USD at risk of falling to 1.1920 – UOB
The currency strategists of UOB Group noted that EUR / USD could fall back to the 1.1920 region if the 1.1975 zone clears in the coming weeks. 24 hour perspective: “Our expectation that the EUR would trade sideways was incorrect as it plunged to 1.1997 before closing on a soft note at 1.2013 (-0.40%). While […]
The rise still points near the 110.00 region – UOB
In the opinion of the currency strategists at UOB Group, the outlook for USD / JPY remains tilted towards a higher rise in the short term. Key Comments: 24 hour view: “We expected USD / JPY to ‘advance further’ yesterday, but we are of the opinion that ‘overbought conditions could’ limit ‘any gains to a […]
EUR / USD focused on 1.1975 – UOB
The currency strategists of UOB Group noted that the outlook for EUR / USD remains downward in the short term, with the main focus on the 1.1975 level. 24 hour perspective: “Our view yesterday that the EUR could first test 1.2000 before stabilizing was incorrect as it rallied strongly from 1.2011. The current move is […]
GBP / USD set to ignore Scottish elections and retest 1.40 – ING
It is a busy week for the British pound, with the focus on the Scottish elections and the April meeting of the Bank of England, ING analysts hope that the Scottish independence referendum will not alter the pound. They see GBP / USD retesting 1.40, based on a possible reduction in the Bank of England […]
There are reasons to expect small gains in the coming years – CE
Global stock markets have seen something of a breakout lately. The S&P 500 has gained another 6% in April, putting it slightly above the 4,200 level. It may be tempting to think that equity markets could continue to rally along with them, but economists at Capital Economics believe returns in the coming years are likely […]
EUR / USD set to retreat to 1.1994 / 42 area – Commerzbank
EUR / USD quickly moved away from its April high of 1.2150. According to Axel Rudolph, Senior Technical Analyst at Commerzbank, the pair is targeting the 1.1994 / 42 zone. Key statements: “Setbacks are expected to be contained by the 55-day moving average at 1.1967 and the 200-day moving average at 1.1942.” “Initial support is […]
GBP / USD could pull back towards the 1.3750 region – UOB
According to the currency strategists at UOB Group, GBP / USD decline could extend to the 1.3750 region on the short-term horizon. Key Comments: 24 hour view: “Last Friday we expected GBP / USD to ‘retest the 1.3980 level first before a more substantial pullback could be expected.’ Our view was wrong as GBP / […]
Bullish momentum now points to 109.95 – UOB
The currency strategists of UOB Group noted that USD / JPY could now head towards the vicinity of the key 110.00 zone in the coming weeks. 24 hour perspective: “We highlighted last Friday that there is a possibility that the USD will test the main resistance at 109.30. We added that a clear breakout of […]
Short-term trend turns down – UOB
In the opinion of the currency strategists of UOB Group, the EUR / USD is at risk of a deeper pullback below the 1.1975 level in the coming weeks. 24 hour perspective: “Our expectation that the EUR would head higher last Friday was incorrect as it plunged past some strong support levels with ease (the […]