Analysts at Capital Economics expect the Indian rupee to devalue against the US dollar in the coming months, as rising US Treasury yields will continue to rise. Key statements: “With US Treasury yields now looking set to rise even higher in the next few years, we expect the US dollar to appreciate further.” “Now we […]
Tag: Banks
Negative outlook remains unchanged – UOB
Further pullbacks in AUD / USD are likely as long as it remains trading below the 0.7680 level on the short-term horizon, UOB Group currency strategists noted. Key statements: 24 Hour Outlook: “We highlighted yesterday that” oversold conditions suggest that the AUD is unlikely to weaken much further “and we expected the AUD to” consolidate […]
GBP / USD faces strong support around 1.3660 – UOB
GBP / USD negative phase remains unchanged as long as it is below the 1.3810 level, suggest currency strategists at UOB Group. Key Comments: 24 hour view: “Yesterday, we highlighted that ‘there is room for sterling weakness to first test 1.3660 before stabilizing.’ However, GBP / USD rallied after hitting 1.3671. The fast and robust […]
EUR / USD risks additional short-term losses – UOB
In the opinion of the currency strategists at UOB Group, EUR / USD could fall back to 1.1740 before targeting 1.1700 In the next weeks. Key Comments: 24 hour view: “Although we expected the EUR / USD to weaken yesterday, we are of the opinion that the EUR ‘is unlikely to threaten the support at […]
GBP / USD returns to nine-month uptrend at 1.3540 – Commerzbank
GBP / USD is in short-term correction mode, Commerzbank analysts say. They note that Commerzbank’s attention is on the nine-month uptrend at 1.3540 as a break below this level would pave the way to the 200-day moving average at 1.3253. Key statements: “GBP / USD is under pressure and our attention is on the nine-month […]
USD / JPY in consolidation in the range 108.20 / 109.50 – UOB
Currency strategists at UOB Group forecast that USD / JPY will remain within the range of 108.20-109.50 in the coming weeks. Key statements: 24-hour outlook: “We highlighted yesterday that the USD” could go down, but any weakness is unlikely to challenge the main support at 108.20. “However, the USD traded between 108.43 and 108.95. The […]
DXY aims to test 93.00 as rebound gains traction – Westpac
The US Dollar Index (DXY) appears poised to test higher levels in the near term, as the reopening, vaccination and stimulus produce a strong rally despite the Federal Reserve’s extremely loose monetary policy, economists estimate. by Westpac. Key statements: “The DXY seems determined to test the upper end of the 91-93 range that is likely […]
USD / JPY consolidates between 108.20 and 109.50 – UOB
According to the currency strategists at UOB Group, USD / JPY is expected to hold the range between 108.20 and 109.50 unchanged In the next weeks. Key Comments: 24 hour view: “We highlighted yesterday that USD / JPY ‘could go down, but any weakness is unlikely to challenge the main support at 108.20’. However, USD […]
DXY US Dollar Index Flirts With 200-Day SMA Around 92.60
The DXY index hits new yearly highs in the region of 92.70. Risk appetite remains under heavy pressure Thursday. Final fourth-quarter GDP and weekly jobless claims stand out on the US economic calendar. The US dollar DXY index, which measures the strength of the dollar against a basket of major currencies, remains in the area […]
EUR / USD risks further decline – UOB
In the opinion of the currency strategists at UOB Group, EUR / USD is now poised to extend the pullback In the next weeks. Key Comments: 24 hour view: “Our expectation of the EUR ‘falling further towards 1.1800’ did not fully materialize as it fell to 1.1807 before closing at 1.1812 (- 0.31%). While the […]
