UOB Group currency strategists noted that the EUR / USD bullish momentum could extend towards the 1.1940 / 50 zone in the coming weeks. 24 hour perspective: “The EUR fell to 1.1865 last Friday before rebounding to close slightly lower at 1.1896 (-0.13%). The rebound has room to test resistance at 1.1925, but the main […]
Tag: Banks
EUR / GBP targets 0.8732 after closing above 0.8643 / 65 – Credit Suisse
EUR / GBP has closed above the key resistance of 0.8643 / 65, which is a bullish sign of continuity, Credit Suisse analysts say. They see EUR / GBP extending the rally towards 0.8732 initially. Key statements: “While we would expect to see a weekly close above the key resistance at 0.8643 / 65, our […]
USD / CAD will remain in the range between 1.23 and 1.27 in April – Mizuho
USD / CAD continued to trade around 1.26 in March. In April, the loonie is expected to move within the range set between 1.23 and 1.27, as reported by Mizuho Bank. Key statements: “The Canadian government expects vaccines to lead to herd immunity in Canada sometime around September, and the economy is expected to recover […]
GBP / USD to extend decline to 1.3641 – Credit Suisse
GBP / USD maintains a bearish “reversal day” to preserve bearish risk in its range, with the next support seen at 1.3641, Credit Suisse analysts explain. Key statements: “Below support at 1.3706 weakness should be seen to extend below to test the March low of 1.3670 and then 1.3641, the 38.2% retracement of the September […]
EUR / USD will target 1.1950 from breaking 1.1889 – Credit Suisse
EUR / USD strength has stalled, as expected, at its 200-day average at 1.1889, Credit Suisse analysts say. He sees that further consolidation should be allowed in the near term, and they warn that a breakout in due course may expose the 38.2% retracement of the entire first quarter decline at 1.1950. Key statements: “EUR […]
NZD / USD to extend its downward correction from breaking below 0.6945 – Westpac
Westpac economists warn that the momentum of the New Zealand economy has slowed and there are also restrictions in the housing market. They estimate that a break below the 0.6945 level in the NZD / USD would lead to further declines in the price. Key statements: “NZD / USD’s downward correction from February 25 high […]
GBP / USD risks falling to 1.3670 – UOB
The pair GBP / USD faces a possible move to the 1.3670 level in the short term, suggest currency strategists at UOB Group. Key Comments: 24 hour view: “Although we expected GBP / USDD to weaken yesterday, we are of the opinion that ‘the next support at 1.3750 is unlikely to be threatened.’ The ease […]
Expectations for a further drop rise – UOB
In the opinion of the currency strategists at UOB Group, USD / JPY could fall to the 109.00 region in the short term. Key Comments: 24 hour view: “We highlighted yesterday that ‘there is room for USD / JPY weakness to first test 109.55 before stabilization can be expected.’ Subsequently, USD / JPY fell to […]
The rebound could extend to the 1.1945 level – UOB
The currency strategists of the UOB Group see that the recovery of the EUR / USD could revisit the 1.1950 region In the next weeks. Key Comments: 24 hour view: “We highlighted yesterday that ‘strong bullish momentum may’ nullify ‘current overbought conditions, although a sustained rise above 1.1915 is unlikely.’ Our view was not wrong […]
EUR / USD: Open Door to Additional Profits – UOB
In the opinion of the UOB Group currency strategists, the EUR / USD could retest the 1.1945 level in the coming weeks. Key comments. Donald WestbrookDonald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and […]
