UOB Group currency strategists note that now GBP / USD is expected to move between 1.3750 and 1.3950 In the next weeks. Key Comments: 24 hour view: “Our expectation of the British pound ‘falling further’ last Friday did not materialize as it moved sideways between 1.3836 and 1.3895. It would not be surprising if there […]
Tag: Banks
EUR / USD faces next notable target at 1.2185 – UOB
In the opinion of UOB Group currency strategists, now EUR / USD is expected to find the next significant resistance at 1.2185. Key comments 24 hour view: “The strong rise of the EUR / USD to 1.2099 last Friday was a surprise. The bullish momentum is strong and the EUR / USD could break the […]
FOMC Preview: No New Signs Expected on Phasing Out
Next Wednesday, the Federal Reserve will announce its decision on monetary policy. No change in policy is expected. Analysts TD Securities they do not expect any substantial new signals about the withdrawal of stimulus on the US economy. They see limited reaction in the markets to the FOMC meeting. Declarations highlighted “We do not expect […]
PMIs paint a positive picture with the US leading the way
“Flash PMIs for the advanced economy for April showed a positive outlook, although recoveries in the US and UK apparently far outpaced those in the euro zone and Japan as restrictions were relaxed in the first two. economies, “he said Gabriella Dickens, Global Economist in Capital Economics. Featured statements “Flash PMI estimates suggest that the […]
USD / JPY will fall to 107.00 in a one-month view
Jane Foley, Senior Currency Strategist at Rabobank, believes there is a risk that the USD/JPY drop to 107 on a one-month outlook before returning to firmer levels by the end of the year. Featured statements “Although the safe-haven JPY is the worst performing G10 currency so far this year, it is the best performing currency […]
Russia: Central Bank Aims For Further Adjustment To Cope With Inflation
The Russian ruble is among the strongest currencies on Friday, boosted by the decision of the Central Bank of Russia (CBR) to raise the key rate by 50 bps, above expectations. Analysts at Capital Economics They think that another 50 bp of interest rate increases will be enough to reduce inflation, but the risks are […]
GBP / USD could fall to 1.3717 from losing 1.3810 – Credit Suisse
Should the GBP / USD break below 1.3810 / 09 it could end thoughts of a “double bottom”, clearing the way for a move back towards the lower end of the wider range at 1.3717, reports the Credit Suisse analyst team. Key statements: “The GBP / USD is not only back well below the ‘neckline’ […]
USD / JPY faces strong support at 107.65 – UOB
Currency strategists at UOB Group note that the outlook for USD / JPY remains sloping lower on the short-term horizon. Key Comments: 24 hour view: “We highlighted yesterday that ‘the underlying tone still seems a bit soft, but any weakness is considered part of a lower range of 107.80 / 108.25’. We added, ‘a clear […]
The positive phase remains intact as long as it does not move below 1.1965 – UOB
The currency strategists of UOB Group expect further gains in EUR / USD as long as it trades above the 1.1965 level. 24 hour outlook: “Yesterday, we held the view that the EUR could rise to 1.2060, but it was unlikely to break the next resistance at 1.2080. Our opinion was not wrong as the […]
GBP / USD is now moving into a consolidation phase between 1.3750 and 1.3950 – UOB
The pound appears to be navigating within the 1.3750-1.3950 range in the coming weeks, as suggested by currency strategists from UOB Group. 24 hour perspective: “The sudden strong sell-off in the GBP was a surprise (we expected the pound to trade sideways). Bearish momentum is relatively strong and sterling could continue to decline, but lOversold […]
