USD / JPY has hit one-year highs and the pair is targeting April 2019 and February 2020 highs at 112.23 / 40, notes Karen Jones of Commerzbank Research. Key statements: “USD / JPY has risen to one-year highs, but appears to be stagnant ahead of the October 2018 low and February 2019 high at 111.13 […]
Tag: Banks
USD / JPY risks falling back towards 109.50 – UOB
UOB Group currency strategists note that the USD / JPY could fall back to the 109.50 zone in the short term. Key Comments: 24 hour view: “Our expectation of ‘more sideways moves’ in USD / JPY was incorrect, as it fell to a low of 109.95 the day before. The rapid decline seems exaggerated and […]
GBP / USD Faces Additional Short-Term Gains – UOB
The rise in par GBP / USD will continue to gain ground in the coming weeks, as suggested by the currency strategists at UOB Group. Key Comments: 24 hour view: “While we expected GBP / USD to strengthen yesterday, we are of the opinion that ‘1.3900 is not expected to enter the scene.’ However, the […]
The rise seems limited around 1.1870 – UOB
UOB Group currency strategists note that EUR / USD bullish momentum remains capped so far by the 1.1870 level. Key Comments: 24 hour view: “The strong rise of the EUR / USD to a high of 1.1819 was a surprise. The rapid advance has room to extend, but in view of already overbought conditions, the […]
NZD / USD below 0.6943 points to 200 median at 0.6883 – Credit Suisse
The NZD / USD maintains a shoulder head shoulder formation, say Credit Suisse analysts, who remain bearish. They estimate that below 0.6943, it could go towards the 200-day average. Key statements: “While we do not exclude the possibility of more short-term sideways rallies, with a large ‘head and shoulders’ top in place, as well as […]
USD / JPY finds support at 110.50 and approaches 111.00 ahead of US data.
USD / JPY is up for the sixth day in a row. Decline of the dollar and bond yields limits rise. Ahead: US data (ADP employment and home sales) and infrastructure plan presentation. USD / JPY retraced after approaching 111.00, finding support at 110.50, from where it bounced. It is trading at 110.75, up about […]
EUR / USD approaches mid-October low of 1.1689 – Commerzbank
EUR / USD is under pressure, trading near 1.17. The next downside target is lined up at the low of 1.1689 from mid-October, reports Axel Rudolph, senior technical analyst at Commerzbank. Key statements: “EUR / USD fell to the November 11 low at 1.1745 as expected, with the mid-October low at 1.1689 next in line. […]
Short-term forecast downgraded from 0.8450 to 0.8400 – Credit Suisse
The expected difference in economic performance between the UK and the rest of Europe, combined with the positive seasonality for the pound in April, led Credit Suisse’s team of analysts to revise the EUR / GBP target from 0.8450 to 0.8400 downward. . Key statements: “Unfortunately for the EU, the impression of petty negativity towards […]
USD / JPY targets resistance zone from 111.68 to 112.40 – Credit Suisse
USD / JPY easily broke above its October 2018 downtrend and analysts at Credit Suisse remain bullish optimistic. They see strong resistance between 111.68 and 112.40. Key statements: “A dramatic rise has seen USD / JPY easily break out of its long-term downtrend since October 2018 and the trend is seen to hold straight up […]
USD / CHF set to hit 0.9467, mid-July highs – Commerzbank
The strength of the US dollar continues to be seen across the board. That’s where USD / CHF is, which is targeting the mid-July high of last year at 0.9467, explains Axel Rudolph, technical analyst at Commerzbank. Key statements: “The USD / CHF has passed the June 23 low of 0.9421 above which the mid-July […]
