EUR / USD maintains its breakout above 1.1990 / 97 and the bullish scenario. Analysts Swiss credit they expect greater strength to 1.2103 / 13, with room to reach the possible downtrend since the beginning of January, seen today at 1.2130. Support moves to 1.1995 / 90 “EUR / USD maintains its breakout above key […]
Tag: Banks
The ECB’s Bank Loan Survey indicates a decline in demand for home and business loans
According to the April 2021 Euro Area Bank Lending Survey (BLS), credit standards, i.e. internal bank guidelines or loan approval criteria, were moderately tightened for loans or credit lines to Business (net percentage of banks situated at 7%) in the first quarter of 2021. Credit standards relaxed slightly in net terms for loans to households […]
USD / JPY has room for additional short-term losses – UOB
UOB Group currency strategists believe that USD / JPY could still go down in the coming weeks. Key Comments: 24 hour view: “Our expectation that USD / JPY would ‘trade sideways’ was incorrect as the pair tumbled to 108.00. While the sharp and rapid decline seems overdone, USD / JPY could test 107.90 first before […]
GBP / USD faces a stiff hurdle at 1.4100 – UOB
In the opinion of the currency strategists at UOB Group, the next relevant hurdle for GBP / USD is at 1.4100. Key Comments: 24 hour view: “Yesterday we highlighted that ‘there is room for the GBP / USD advance to first test 1.3865 before falling back.’ Instead of ‘test 1.3865, the pair broke above this […]
EUR / USD now looks towards 1.2115 – UOB
The currency strategists of UOB Group noted that EUR / USD could now try to move towards 1.2115 in the coming weeks. 24 hour perspective: “We do not anticipate the sudden rise in the EUR that blew past the solid resistance zone between 1.2000 and 1.2010 (1.2048 high). The Bullish momentum remains strong and the […]
GBP / USD could extend the bounce to 1.3890 – UOB
The rebound of the pair GBP / USD could probably hit the 1.3890 level in the coming weeks, say UOB Group currency strategists. Key Comments: 24 hour vision: “We do not anticipate the short-lived fall of the British pound to 1.3717 and the subsequent sharp rise to 1.3850. While the fast bounce appears to be […]
EUR / USD remains focused on 1.2000 / 10 – UOB
The currency strategists of UOB Group noted that further gains are expected in EUR / USD once the 1.2000 / 10 band is broken. 24 hour perspective: “We expected the EUR to trade sideways between 1.1935 and 1.1985 last Friday. However, the euro traded within a higher than expected range (1.1949 / 1.1994). It would […]
BoC to reduce bond purchases from $ 4 billion per week to $ 3 billion
Previewing the Bank of Canada (BoC) policy meeting, analysts at TD Securities said they expect the bank to reduce purchases of government bonds of Canada (GoC) from $ 4 billion a week to $ 3 billion a week, as reported Reuters. Featured statements “In light of the much stronger-than-expected economic data in the last quarter, […]
EUR / CHF to resume uptrend once above 1.1118 – Credit Suisse
EUR / CHF may be trading in a “bullish flag” pattern, however a break above 1.1118 is needed to confirm this, analysts at Credit Suisse say. Key statements: “We maintain our view that the market may be forming a larger bullish ‘flag’ continuation pattern despite the recent setback and therefore remain bullish.” “The next resistance […]
The downtrend could extend to the 108.40 region – UOB
UOB Group currency strategists note that the USD / JPY risks a potential drop to the 108.40 zone and probably lower in the next few weeks. Key Comments: 24 hour view: “Yesterday, we highlighted that ‘the downside momentum has clearly subsided, but there is still room for USD / JPY to turn down.’ We added, […]
