Yields on US bonds are expected to rise more gradually during the second quarter, with the risk of a short-term pullback high in the first part of the quarter, Credit Suisse analysts warn. They expect US 10-year bond yields to rise to 1.82% during the second quarter and 1.96 / 2.00% later in the year. […]
Tag: Banks
GBP / USD to seek a deeper correction to the downside – Credit Suisse
GBP / USD remains topped below a group of supports that are seen centered at 1.3779, including its medium-term uptrend, Credit Suisse analysts say. They look for a greater corrective weakness. Key statements: “GBP / USD has extended its short-term recovery, but with a ceiling below the lower end of the March range, the medium-term […]
USD / CHF could skyrocket as high as 0.9800 – Credit Suisse
USD / CHF maintains a bullish continuation pattern and targets the 0.9498 / 9524 neighborhood, says the Credit Suisse team of analysts. They estimate that the pair could rise to 0.9800. Key statements: “We keep our bullish bias intact and see resistance initially at 0.9418, the break of which would open the door to 0.9465 […]
S&P 500 faces a winding road to the upside toward 4200 – Credit Suisse
The S&P 500 hit the 3900 target in the first quarter, but Credit Suisse analysts expect the uptrend to extend further to 4070/75 and ideally 4200. Key statements: “The uptrend of the S&P 500 is slowing down and while we remain optimistic, we believe we are prepared for a more choppy uptrend in the second […]
USD / CAD will drop substantially towards 1.21 in the coming months – Barclays
Barclays economists expect the loonie to remain resilient thanks to fiscal support, higher oil prices and optimistic growth prospects. They forecast that the USD / CAD will be at 1.21 for the first quarter of next year. Key statements: “We remain constructive against the Canadian dollar thanks to the more optimistic growth prospects, extended domestic […]
USD / RUB will turn bullish once above 77.00 high – Commerzbank
The rapid rise of the USD / RUB from the March low at 72.54 has propelled it to a four-month high at 77.00 below which it is currently consolidating, explains Axel Rudolph, senior technical analyst at Commerzbank. He estimates that a rally above the 77.00 high would strengthen the bullish bias and target 79.99 / […]
USD / CHF targets mid-July high of 0.9467 – Commerzbank
USD / CHF continues its climb towards the mid-July high of 0.9467 after nearly hitting the June 23 low of 0.9421, anticipates Axel Rudolph, senior technical analyst at Commerzbank. Key statements: “So far, USD / CHF has practically reached the June 23 low of 0.9421 above which the mid-July high of 0.9467 can be seen. […]
NFP: Aiming for a 675,000 jump in payroll
Next Friday is Nonfarm Payroll Day. The market consensus shows an increase in March payrolls of 655,000. Wells Fargo analysts they expect a reading of 675,000 and the unemployment rate to drop to 6.0%. Featured statements “While many parts of the economy have recovered quickly, the job market has taken longer to recover. During his […]
USD / CHF could rise to 0.9664 in the medium term – Commerzbank
USD / CHF is near multi-month highs around 0.9400, approaching the mid-July high at 0.9467. Axel Rudolph, Senior Technical Analyst at Commerzbank, indicates that the pair is targeting the 200-week moving average at 0.9664 in the medium term. Key statements: “USD / CHF is rapidly approaching the June 23 low at 0.9421 above which the […]
More raises above 109.50 – UOB
USD / JPY could retest the 109.85 level if it left 109.50 behind with a daily close, currency strategists at UOB Group commented. Key statements: 24-hour outlook: “Yesterday, we noted that” the underlying tone has strengthened a bit “and we held the view that the USD” could advance but is unlikely to challenge the resistance […]
