In the opinion of the currency strategists at UOB Group, Prospects for GBP / USD to dip below 1.3760 appear to be diminishing for the moment. Key Comments: 24 hour view: “We highlighted yesterday that ‘the rebound seems to be ahead of itself, it seems unlikely that the GBP / USD will strengthen further’ and […]
Tag: Banks
The door is open to a test of the region of 1.1950 – UOB
UOB Group currency strategists note that EUR / USD could rise and revisit the 1.1945 level In the next weeks. Key Comments: 24 hour view: “Yesterday we held the view that there is room for the EUR / USD to ‘test 1.1925’. Our expectation did not fully materialize when EUR / USD rose to 1.1919. […]
A sustained decline below 109.00 seems unlikely – UOB
A move below the 109.00 region in USD / JPY looks unlikely. in the short term, according to the UOB Group currency strategists. Key Comments: 24 hour view: “The sharp decline in USD / JPY to 109.23 was a surprise (we expect USD / JPY to retest resistance at 109.95). Despite the decline, the downside […]
GBP / USD now seen between 1.3670 and 1.3810 – UOB
The pair is expected GBP / USD moves sideways between 1.3670 and 1.3810 in the coming weeks, suggest currency strategists at UOB Group. Key Comments: 24 hour view: “We highlighted yesterday that ‘it is too early to expect a significant rebound’ and we expected the British pound to ‘consolidate and move sideways within a range […]
EUR / USD still on track to post small daily gains, holding above 1.1900
EUR / USD is trading in a tight range at the beginning of the week. The modest rise in US Treasury yields limits the rise of the EUR / USD. Retail sales in the euro area increased more than expected in February. After holding below 1.1900 during the trading hours of the Asian session, the […]
Central bank expected to keep rates unchanged – UOB
The Reserve Bank of New Zealand is expected to hold the monetary policy rate at 0.25% at its meeting this week, says UOB Group economist Lee Sue Ann. Key statements: “For now, we think negative interest rates are a possibility, but increasingly lower.” “Our forecast remains for the OCR (interbank interest rate) to remain unchanged […]
EUR / GBP to continue to rake in gains after weekly bullish reversal – Credit Suisse
Not only does the EUR / GBP hold a base above 0.8643 / 65, but the close above 0.8574 on Friday is also a bullish technical factor, reinforcing the likelihood of a deeper recovery to 0.8732 initially, analysts say. Credit Suisse. Key statements: “The EUR / GBP not only maintains a base above the key […]
The recent weakness of the ruble will end soon – Commerzbank
The rapid rise of the USD / RUB from its March low at 72.54 has propelled it to a five-month high at 78.04 below which it is currently consolidating, explains Axel Rudolph, technical analyst at Commerzbank. It indicates that the recent advance is likely to lose steam below the September and October highs of 79.99 […]
USD / JPY faces strong support at 109.00 – UOB
UOB Group currency strategists note that selling pressure in the US is expected to USD / JPY finds solid support at the 109.00 zone. Key comments: 24 hour view: “USD / JPY spiked to 109.95 last Friday before releasing to close firm at 109.65. The underlying tone is firm and there is room for USD […]
A break below 1.3670 is not ruled out – UOB
In the opinion of UOB Group currency strategists, the pound could still break the 1.3670 level in the near term. 24 hour perspective: “The GBP fell to 1.3670 last Friday before starting a slight recovery. Despite the bounce from the low, it is too early to expect a sizable bounce. For today, the British pound […]
