The GBP / USD is holding firm and could try to move to 1.4010 in the coming weeks, suggest currency strategists at UOB Group. Key Comments: 24 hour view: “Yesterday we expected GBP / USD to ‘trade sideways within a range of 1.3860 / 1.3920’. Subsequently, the British pound fell to a low of 1.3863 […]
Tag: Banks
EUR / USD keeps the positive phase intact – UOB
In the opinion of the currency strategists at UOB Group, EUR / USD still faces strong resistance at the 1.2185 level in the short term. Key Comments: 24 hour view: “Yesterday, we held the view that EUR / USD ‘could drop to 1.2050.’ Subsequently, EUR / USDD fell to 1.2054 before taking off during the […]
EUR / USD faces next resistance at 1.2145 – UOB
UOB Group currency strategists note that EUR / USD is expected to find the next resistance at 1.2145 In the next weeks. Key Comments: 24 hour view: “We highlighted yesterday that ‘the bullish momentum has subsided and this, coupled with the still overbought conditions, suggests that EUR / USD is unlikely to strengthen further’ and […]
USD / JPY looks firmer and targets 109.30 – UOB
It is seen that the USD / JPY is gaining more traction and could visit the 109.30 area in the coming weeks, say UOB Group currency strategists. Key Comments: 24 hour view: “We expected USD / JPY to strengthen yesterday, but we are of the opinion that ‘108.75 is not expected to enter the picture.’ […]
GBP / USD Faces Additional Short-Term Range Move – UOB
In the opinion of UOB Group currency strategists, it is still GBP / USD is forecast to move within the 1.3750-1.3950 range In the next weeks. Key Comments: 24 hour view: “Yesterday we expected GBP / USD to ‘move sideways within a range of 1.3850 / 1.3920’. Subsequently, the British pound moved between 1.3860 and […]
US Consumer Confidence: Things are getting back to normal
The data published on Tuesday USA showed better figures than expected. A consumer confidence index rose to the highest level in a year. Analysts Wells Fargo point out that as more people get vaccinated and life gradually returns to something reminiscent of normalcy, confidence quickly returns to where it was before the pandemic. Featured statements […]
GBP / USD still looks between 1.3750 and 1.3950 – UOB
It is anticipated that the GBP / USD moves within the range of 1.3750-1.3950 in the coming weeks, suggest currency strategists at UOB Group. Key Comments: 24 hour view: “We highlighted yesterday that ‘further sideways consolidation would not be surprising, although the firm underlying tone suggests a higher trading range of 1.3850 to 1.3925.’ Subsequently, […]
Open door for further recovery – UOB
USD / JPY weak phase seems to be oversay UOB Group currency strategists. Key Comments: 24 hour view: “We highlighted yesterday that the outlook for USD / JPY is mixed and we expected it to trade between 107.50 and 108.20. Subsequently, the USD / JPY moved within a narrower range than expected (107.63 / 108.19). […]
Possible consolidation in the short term – UOB
In the view of UOB Group currency strategists, it is likely that EUR / USD enters a short-term consolidation phase, while the strong resistance remains at 1.2185. Key Comments: 24 hour view: “We highlighted yesterday that EUR / USD ‘could break the main resistance at 1.2115’. We add, ‘overbought conditions suggest that it may not […]
Possibility of moving to 107.30 – UOB
The USD / JPY could fall back to the 107.30 region in the coming weeks, say UOB Group currency strategists. Key Comments: 24 hour view: “We expected USD / JPY to weaken last Friday, but we are of the opinion that ‘main support at 107.65 is unlikely to be threatened.’ However, USD / JPY tumbled […]
