Rabobank analysts continue to see an oscillating range for the EUR/GBP In the next weeks. They maintain a forecast that the currency pair could still hit 0.84 by the end of the year. Featured statements “The May 6 release of the Bank of England’s Monetary Policy Review should add a bit more flavor to forecasts […]
Tag: Banks
Canada: GDP recovery continued in February and March
Data released on Friday in Canada showed GDP rose 0.4% in February according to the advanced estimate, slightly below the market consensus. CIBC analystspoint out that the economy at the end of March was as close to its pre-COVID level as it has been since the pandemic began. Featured statements: “The pause between the second […]
AUD / USD: Broader, less US-focused optimism on global recovery, likely to favor AUD
MUFG Bank Analysts, continue to see a commercial idea in the longs of the AUD/USD with a target at 0.7895 with a stop loss at 0.7460. They note that global optimism should push the Australian dollar to new cycle highs. Featured statements: “Better vaccination prospects in Europe and positive growth prospects in China should allow […]
A test of the region of 109.30 is expected – UOB
The USD/JPY keeps the bullish bias unchanged as UOB Group currency strategists believe that could reach the region of 109.30 In the next weeks. Key Comments: 24 hour vision: “Our view of the USD / JPY retracement extending to the downside was incorrect as it rose to 109.21 before declining. Despite the pullback, the underlying […]
EUR / USD set to jump to 2021 high at 1.2349 – Commerzbank
EUR / USD hit the highest level since March above 1.2120 on Thursday. Karen Jones, Head of FICC Technical Analysis Research Team at Commerzbank, expects the world’s most popular currency pair to rise towards the 1.2210 / 43 zone. EUR / USD offered above 1.1990 “The EUR / USD pair closed yesterday just above the […]
USD / JPY Heads Towards 110.97 – Commerzbank
The Japanese yen remains weak as the USD / JPY has reached the 55-day moving average. Karen Jones, Head of the FICC Technical Analysis Research Team at Commerzbank, expect the dollar / yen to head towards 110.97. Positive above the uptrend of 107.80 “USD / JPY is eroding the 55 day moving average and attention […]
GBP / USD Still Targeting Higher – UOB
The currency strategists of UOB Group believe that the pound could still advance to the 1.40 level and beyond in the coming weeks. 24 hour perspective: “We expected the GBP to strengthen yesterday, but we are of the opinion that major resistance at 1.4010 was unlikely. We added that there was another resistance at 1.3980. […]
EUR / USD faces stiff resistance at 1.2185 – UOB
The EUR / USD remains positive bias unchanged, although it still faces stiff resistance at 1.2185, as suggested by the currency strategists of UOB Group. 24 hour perspective: “Yesterday, we highlighted that the EUR could continue to advance despite overbought conditions suggesting that the next major resistance at 1.2185 was probably out of reach. We […]
US: Real GDP growth likely to remain strong
Data released Thursday showed that real GDP grew at an annualized rate of 6.4% during the first quarter, according to preliminary data. Not only was the overall rate of GDP growth supported by strong growth in consumer spending, but spending on fixed investment also increased at a solid rate, analysts explain. Wells Fargo. They expect […]
The further rise points to the level of 109.30 – UOB
The current bullish momentum could take the USD / JPY to the 109.30 region in the coming weeks, say UOB Group currency strategists. Key Comments: 24 hour view: “We highlighted yesterday that ‘momentum remains strong and USD / JPY could further strengthen to 109.10’. We added, ‘overbought conditions suggest next resistance at 109.30 is likely […]
